Table 11
Table $1.1$ Sergio Tutors Fellow Students For $\$ 10$

question 4

Multiple Choice

Table 1.1
Table $1.1$
$\begin{array}{|l|l|}\hline \text { Hours } & \text { Revenue } \\\hline 1 & \$ 10 \\\hline 2 & \$ 20 \\\hline 3 & \$ 30 \\\hline 4 & \$ 40 \\\hline 5 & \$ 50 \\\hline\end{array}$
Sergio tutors fellow students for $\$ 10$ an hour.
-Refer to Table 1.1. What is Sergio's marginal benefit if he tutors for five hours instead of three hours?

• A) $50
• B) $40
• C) $30
• D) $20
• E) $10

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Definitions:

Income Tax Rate

The percentage rate at which income is taxed by the government, varying based on income level and other factors.

Loss Carryback

A tax provision allowing companies to apply a net operating loss to previous tax years' profits, resulting in a tax refund.

Income Tax Expense

The total amount of income tax a company reports it owes in a given fiscal period.

Prepaid Asset

Expenses paid in advance and recorded as assets before they are used or consumed.