http://www.cnn.com/2002/TECH/science...ney/index.html
This is ridiculous. This professor managed to get this published.
V=(W((100-t)/100))/C, where V is the value of an hour, W is a person's hourly wage, t is the tax rate and C is the local cost of living.
So you take your wages after taxes and divide by a cost of living index to get value per hour. This can be found in a high school economics book.
I had to look and make sure it wasn't printed on Apr 1.
This is ridiculous. This professor managed to get this published.
V=(W((100-t)/100))/C, where V is the value of an hour, W is a person's hourly wage, t is the tax rate and C is the local cost of living.
So you take your wages after taxes and divide by a cost of living index to get value per hour. This can be found in a high school economics book.
I had to look and make sure it wasn't printed on Apr 1.
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