Economics: Principles, Problems, and Policies, 19th Edition

Published by McGraw-Hill Education
ISBN 10: 0073511447
ISBN 13: 978-0-07351-144-3

Chapter 16 - Public Finance: Expenditures and Taxes - Problems - Page 356: 3a

Answer

$65,000

Work Step by Step

Your gross income is all the income that you receive, so in this situation, you can simply sum up all of the income. 50,000+10,000+5,000=$65,000
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