Use the Table Below to Answer the Following Questions

question 22

Multiple Choice

Use the table below to answer the following questions.
Table 6.2.1
-Table 6.2.1 gives the supply and demand schedules for teenage labour in Genoa City.Suppose a new fast food restaurant opens and increases the quantity demanded of teenage labour by 400 hours per week at each wage rate.If the teenage labour market is unregulated,there is an increase in teenage employment to

• A)1,000 hours per week and a wage of $15 per hour.
• B)1,000 hours per week and a wage of $17 per hour.
• C)800 hours per week and a wage of $16 per hour.
• D)600 hours per week and a wage of $17 per hour.
• E)400 hours per week and a wage of $17 per hour.

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Definitions:

Self-Employed Health Insurance

A tax deduction available to self-employed individuals for premiums paid on medical, dental, and long-term care insurance for themselves and their dependents.

Above-The-Line

refers to deductions that taxpayers are allowed to subtract from gross income to arrive at the adjusted gross income, which are beneficial as they are not subject to itemized deductions limitations.

Child Support Payment

Payments made by a non-custodial parent to support their child or children's living expenses.

Alimony Payment

Payments made to a spouse or former spouse under a separation or divorce agreement, which can be deductible for the payer and reportable as income for the recipient, under certain conditions.