Author Question: If you pay a parking fee that lets you park at your job for free every day, its average cost per day ... (Read 68 times)

kellyjaisingh · **on:** Jun 30, 2018

If you pay a parking fee that lets you park at your job for free every day, its average cost per day is irrelevant to your decision whether to part at your job on a given day of the year.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Suppose a tax rate of 10 percent applies to all income up to 20,000 a year, income above 20,000 up to 50,000 a year is taxed at a rate of 15, and income above 50,000 a year is taxed at 20. Calculate the absolute amount of tax paid by a person whose annual income is 30,000.
a. 2,000
b. 2,500
c. 4,500
d. 4,000
e. 3,500