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BrendanOO7 BrendanOO7
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6 years ago
Suppose workers at a firm are willing to pay (in foregone after-tax wages ) $1200 a year in order to get a fringe benefit. The worker's tax bracket is 40% (so that for every $1000 a firm pays a worker, they get $600 in after-tax take home pay). If a firm gives the worker the fringe benefit and workers reduce their after-tax wage by $1200, how much is wage paid by the firm being reduced by?
A) $2000
B) $3000
C) $1200
D) $720
Textbook 
Modern Labor Economics: Theory and Public Policy

Modern Labor Economics: Theory and Public Policy


Edition: 12th
Authors:
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ShadiasShadias
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BrendanOO7 Author
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