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6 Eric earns $50 per hour. He is endowed with 8760 hours and $60,000 in non-labor income each year. He is subject to a payroll
6
Eric earns $50 per hour. He is endowed with 8760 hours and $60,000 in non-labor income each year. He is subject to a payroll tax of 10% on earnings up to $100,000 and no payroll tax on labor earnings over $100,000. Draw his constraint.
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