Use the Following Information for Problems -Using the Original Bill, If the Customer Pays the Bill

question 4

Short Answer

Use the following information for problems .

An oil burner needs repair. The technician replaces the parts listed:
$\begin{array}{ll} \text {a. 1 gun nozzle } &\$ 9.85 \\\text {b. 20 feet of 3/8-inch copper fuel line. } &\$ 0.82 \text { per foot } \\\text {c. 1 fuel filter } & \$ 7.45 \\\text {d. 1 new oil pump} & \$ 54.70 \\\text {e. 2 pair oil gun electrodes} &\$ 2.60 \text { for each pair } \\\text {f. Labor (4 1/2 hours)} & \$ 13.50 \text { per hour }\end{array}$
-Using the original bill, if the customer pays the bill within 45 days, an 8% discount is given on parts and labor. What would be the cost of the estimate if the customer pays within the 45 day period (include a 6% tax on parts after the 8% discount)?

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Definitions:

Benefits-Received Principle

The idea that those who receive the benefits of goods and services provided by government should pay the taxes required to finance them.

Limited And Bundled Choices

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Rent-Seeking Behavior

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