You graduate from college and take a job at a consulting firm with a wage of $25/hour. Your job is extremely flexible: you can choose to work any number of hours from 0 to 2,000 per year.Suppose there is an income tax of the following form: Income up to $15,000: no tax, Income from $15,000 to $30,000: 10% tax rate, Income from $30,000 up: 20% tax rate.

Draw your budget constraint with and without the income tax (hint: use our EITC example as a guide since subsidies are negative taxes)