Suppose that a country adopts a progressive income tax system that calls for:

■ a 10 percent tax on the first $25,000 earned.

■ a 25 percent tax on the next $25,000 earned.

■ a 50 percent tax on the next $50,000 earned.

■ a 90 percent tax on all additional dollars earned.

If you spend 16 hours a day, five days a week, producing either H or C, and your wage rate in the labor market (before taxes) is $20 per hour, what would your annual PPF look like? [HINT: Your PPF is based on after-tax income.]