On a Particular Saturday,Tom Had Planned to Paint a Room

question 19

Multiple Choice

On a particular Saturday,Tom had planned to paint a room in his house,but his employer gave him the opportunity to work that day.If Tom works,he must hire a painter for $100.For Tom to have a positive cash flow from working and hiring the painter:

• A)Tom must earn at least $125 if Tom is in the 25% marginal tax bracket.
• B)Tom must earn at least $150 if Tom is in the 33% marginal tax bracket.
• C)Tom must earn at least $150 if he is in the 25% marginal tax bracket.
• D)Tom must earn at least $115 if he is in the 15% marginal tax bracket.
• E)None of the above.