Josh Has Decided to Take a Course at the Local

question 16

Multiple Choice

Josh has decided to take a course at the local community college that could help him get a promotion at work. The course begins at 5 p.m. and goes until 9 p.m. on Monday nights. Josh normally works until 5 p.m. each day, but because of the drive time to the community college, he will need to leave work at 3 p.m. on class days. Josh currently earns $18.50 per hour. His employer contributes 10% of Josh's gross earnings to a 401(k) retirement plan. If the class meets 16 times, what is Josh's total before-tax opportunity cost for the class?

• A) $592.00
• B) $800.00
• C) $651.20
• D) None

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Definitions:

Freedom

The condition or right of being able or allowed to do, say, think, or pursue life activities without undue restraint or oppression; it is a fundamental human right and a cornerstone of democratic societies.

Frederick Douglass

An African American social reformer, abolitionist, orator, writer, and statesman who after escaping from slavery in Maryland, became a leader of the abolitionist movement.

Military Service

The act of serving in the armed forces of a country, either voluntarily or through conscription.

Enlist

To voluntarily join a military force.