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Summer job to earn additional spending money for school

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Reference no: EM131663547

Suppose you were considering taking a summer job to earn additional spending money for school. The job pays $12 and hour but you have to pay both income and social insurance taxes on your earnings. If you faced a 50 percent rate of taxation on your earnings would you keep working? How about 70 percent rate?

Reference no: EM131663547

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