Asked by Brianna Prater on Jul 01, 2024
A person's full income is the amount of income that he or she would have if there were no taxes.
Full Income
The total earnings, including all sources of income and gains, not just wages from employment.
- Comprehend the relationship between full income, taxation, and labor supply.
Learning Objectives
- Comprehend the relationship between full income, taxation, and labor supply.