Hello! I just wanted someone to look over my answers for these labor economics questions, and possibly help with the questions that do not have answers/are starred. Thank you!

Budget Constraints 1. Charlie faces the following marginal tax rates on his gross earnings: [4 pts] Table 1: Marginal Tax Rates Marginal Tax Rate | Gross Earnings 10% $15,000 20% $15,001 - $40,000 25% $40,001 - $90,000 30% $90,001 - $200,000 35% $200,001 - $450,000 40% $450,001+ Before taxes, Charlie earns a gross wage of $7.50 per hour. He also receives non-labor income of $5,000 per year. Suppose Charlie has 5,000 available hours to split between work and leisure during the year. Draw his budget set in the plot below. 1.5h : 15,000 5.1. h = 2.000 7.5. 2. 000 ( 1 -. 01) = 13.500+5.000 13.500 18. 500 7.5 (3000) = 22 500 1.5 ( 3ooo x 1 - . 02) = 18000+18500= 36500\fNeoclassical Model of Labor Supply 1. Artemis earns $25 per hour as an actress. In addition to her labor market income, she receives $100 per day in lottery winnings. She allocates her 24 hours each day between work and leisure, and spends all of her income on consumption. (a) What is the equation for Artemis' budget constraint? [2 pts] 10 700- 25L = budget constraint (b) Draw her budget constraint in the graph below. Label it Bo. [2 pts] Consumption 600 500 400 100 A - Non 200 Port 100 (24,100) 16 18 20 22 24 Leisure Figure 4: Artemis' Budget Set Page 2Suppose the government imposes a subsidy program similar to the earned income tax credit. For the first 8 hours Artemis works, she receives a 50% wage subsidy (i.e., her net wage is 1.5 times her gross wage for these hours). For the next 8 hours, the government gives no wage subsidy, and instead makes individuals pay a wage tax of 50%. Wages earned after 16 hours of work are neither taxed nor subsidized. For example, if Artemis works 18 hours, her net earnings would be 8 x ($25 . 1.5) + 8 x ($25 . .50) + 2 x ($25 - 1) = $450. (c) What is the (absolute) slope of her new budget set when 16 S L S 24? [2 pts] 25 x1.5 = 37.5 (d) What is the (absolute) slope of her new budget set when 8 - L 0) hours after the policy is enacted. Draw the indifference curves on your earlier graph, but give your explanation here