49. On a particular Saturday, Tom had planned to paint a room in his house,...
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49. On a particular Saturday, Tom had planned to paint a room in his house, but his employer gave him the opportunity to work that day. If Tom works, he must hire a painter for $120. Assuming Tom is in the 24% marginal tax bracket, how much must he get paid to be able to pay the painter and still have a positive cash flow from working?
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| a. | More than $0. |
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| b. | More than $120. |
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| c. | More than $158. |
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| d. | More than $500. |
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