Examlex

Solved

A Worker Within the Middle-Income Class Is Preparing to Retire

question 7

Essay

A worker within the middle-income class is preparing to retire.In the year before he retired,his gross monthly earnings are $2,500.His Social Security benefits will be $1,500 per month.Before he retired,his income was subject to a tax of 30 percent.Find his before-tax and after-tax replacement rates.


Definitions:

Negative Reinforcement

A behavioral principle where the removal or avoidance of an undesirable outcome strengthens the behavior leading to its avoidance.

Punishment

The application of an aversive stimulus following a response in an effort to decrease the likelihood that the response will recur.

Positive Reinforcement

A method in behavioral psychology where the introduction of a rewarding stimulus following a desired behavior increases the likelihood of its recurrence.

Operant-Conditioning

A method of learning in which behavior strength is altered via rewards or penalties.

Related Questions