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Required information (The following information applies to the questions displayed below.) Nitai, who is single and has no dependents, was planning on spending the weekend
Required information (The following information applies to the questions displayed below.) Nitai, who is single and has no dependents, was planning on spending the weekend repairing his car. On Friday, Nitai's employer called and offered him $625 in overtime pay if he would agree to work over the weekend. Nitai could get his car repaired over the weekend at Autofix for $500. If Nitai works over the weekend, he will have to pay the $500 to have his car repaired but he will earn $625. Assume Nitai pays tax at a flat 12 percent rate. (Do not round intermediate calculations. Round your answers to 2 decimal places.) a-1. Strictly considering tax factors, should Nitai work or repair his car if the $500 he must pay to have his car fixed is not deductible? Work Repair a-2. Given the answer in a-1 above, by how much is Nitai better or worse off? Required information [The following information applies to the questions displayed below.) Nitai, who is single and has no dependents, was planning on spending the weekend repairing his car. On Friday, Nitai's employer called and offered him $625 in overtime pay if he would agree to work over the weekend. Nitai could get his car repaired over the weekend at Autofix for $500. If Nitai works over the weekend, he will have to pay the $500 to have his car repaired but he will earn $625. Assume Nitai pays tax at a flat 12 percent rate. (Do not round intermediate calculations. Round your answers to 2 decimal places.) b-1. Strictly considering tax factors, should Nitai work or repair his car if the $500 he must pay to have his car fixed is deductible for AGI? Work Repair b-2. Given the answer in b-1 above, by how much is Nitai better or worse off
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