If the tax rate on income is given by t and the wage is given by w,what is the after-tax wage?

Name: If the tax rate on income is given by t and the wage is given by w,what is the after-tax wage?
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Question

Quizplus · Accepted Answer

The after-tax wage is the wage minus the tax paid on it, which is given by w multiplied by the tax rate t. Therefore, the after-tax wage is w(1-t), which is option D. Options A, B, and C are incorrect as they do not correctly compute the after-tax wage.

If the Tax Rate on Income Is Given by T