Andrew Is Not Working,but Is Available and Willing to Work

question 168

Multiple Choice

Andrew is not working,but is available and willing to work after finishing a month-long mission trip for his church.While on his mission,Andrew did not look for work.Andrew is considered

• A)unemployed.
• B)part of the labor force.
• C)a marginally attached worker.
• D)a discouraged worker.
• E)Both answers A and B are correct.

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Definitions:

Tax Consequence

The financial effects that taxes have on various financial decisions, affecting net investment income or costs.

Marginal Tax Rate

Marginal Tax Rate is the rate at which the last dollar of income is taxed, reflecting the percentage of tax applied to your next dollar of income.

Cash Flow Estimate

An assessment of the amount of money expected to flow in and out of a business over a specific period.

Marginally Profitable

Describes a business or investment that generates a slight profit above its break-even point.