Kathy Works Full Time During the Day as an Economist

question 148

Multiple Choice

Kathy works full time during the day as an economist and faces a 50 percent marginal tax rate. If Kathy were to get an offer to work a second job in the evenings doing consulting work for a local business for $10,000 per year, how much of this additional income would she be able to keep as net pay after taxes?

• A) $1,000
• B) $4,000
• C) $5,000
• D) $10,000

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Definitions:

Expedition

An organized journey or voyage undertaken by a group of people with a particular purpose, especially that of exploration, research, or war.

Deir El-Bahri

An architectural complex in Luxor, Egypt, notably the site of Hatshepsut’s mortuary temple, showcasing the pinnacle of ancient Egyptian architectural and artistic ingenuity.

Mortuary Temple

In Egyptian architecture, a temple erected for the worship of a deceased pharaoh.

Hatshepsut

The fifth pharaoh of the Eighteenth Dynasty of Egypt, notable for being one of the few female rulers and for her wealth and building projects.