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Apply: Exercise Saved Required information [The following information applies to the questions displayed below.] Matteo, who is single and has no dependents, was planning on
Apply: Exercise Saved Required information [The following information applies to the questions displayed below.] Matteo, who is single and has no dependents, was planning on spending the weekend repairing his car. On Friday, Matteo's employer called and offered him $300 in overtime pay if he would agree to work over the weekend. Matteo could get his car repaired over the weekend at Autofix for $240. If Matteo works over the weekend, he will have to pay the $240 to have his car repaired but he will earn $300. Assume Matteo pays tax at a flat 15 percent rate. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Part 2 of 2 10 points eBook b-1. Strictly considering tax factors, should Matteo work or repair his car if the $240 he must pay to have his car fixed is deductible for AGI? Hint O Work References ORepair b-2. Given the answer in b-1 above, by how much is Matteo better or worse off? 00
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