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A Worker Making $20 Per Hour Decides to Take a Day

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A worker making $20 per hour decides to take a day of unpaid leave from work to attend a graduation ceremony. The worker ordinarily works an 8-hour day and is subjected to a total tax rate of 20%. What is the worker's total opportunity cost from the day of unpaid leave?


Definitions:

Sex Differences

Variations in characteristics, behaviors, or physiological processes between males and females, often determined by biological factors.

Gender

Roles and behaviors attributed to one gender or another such as cognitive abilities, sexual behavior, hair length, clothing, and job preferences.

Personality

An individual's characteristic pattern of thinking, feeling, and acting that distinguishes them from others.

Transgender Men

Individuals who were assigned female at birth but identify and live as men.

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