Question
Suppose your expenses for this term are as follows: tuition: $12,000 , room and board: $6,500 , books and other educational supplies: $1,500
Suppose your expenses for this term are as follows: tuition: $12,000
, room and board: $6,500
, books and other educational supplies: $1,500
. Further, during the term, you can only work part-time and earn $3,500
instead of your full-time salary of $14,000
. What is the opportunity cost of going to college this term, assuming that your room and board expenses would be the same even if you did not go to college?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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