Suppose you are paid a wage of $50 per hour.If your marginal income tax rate is 20%,then for every additional hour you work,your after-tax wage is

Name: Suppose you are paid a wage of $50 per hour.If your marginal income tax rate is 20%,then for every additional hour you work,your after-tax wage is
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Quizplus · Accepted Answer

The after-tax wage is calculated by subtracting the tax from the wage: $50 - ($50 * 0.20) = $40.

Suppose You Are Paid a Wage of $50 Per Hour