Carol moves house in order to reduce commuting time to her workplace. She moves out of her own house, which requires mortgage payments of €900 per month, to move into another house where she must pay rent of €700 per month. Though she must still pay the mortgage on her own house, she is able to lease it to friends for €500 per month. By moving to the new house, she finds it easier to work longer hours and her salary increases by €140 per month while her monthly travel costs decrease by €60. What is Carol’s monthly economic ‘profit’ from moving house? a.€60 b.€80 c.-€20 d.€0 e.€100

Carol moves house in order to reduce commuting time to her workplace. She moves out of her own house, which requires mortgage payments of €900 per month, to move into another house where she must pay rent of €700 per month. Though she must still pay the mortgage on her own house, she is able to lease it to friends for €500 per month. By moving to the new house, she finds it easier to work longer hours and her salary increases by €140 per month while her monthly travel costs decrease by €60. What is Carol’s monthly economic ‘profit’ from moving house? a.€60 b.€80 c.-€20 d.€0 e.€100

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter8: Taxation Of Individuals

Section: Chapter Questions

Problem 79TPC

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