Suppose your expenses for this term are as follows: tuition: $12,000 , room and board: $6,500
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Question:
Suppose your expenses for this term are as follows: tuition: $12,000
, room and board: $6,500
, books and other educational supplies: $1,500
. Further, during the term, you can only work part-time and earn $3,500
instead of your full-time salary of $14,000
. What is the opportunity cost of going to college this term, assuming that your room and board expenses would be the same even if you did not go to college?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: