Question

Jody and Pat both live in San Francisco, a city with one of the highest housing costs in the country. Jody works as a school counselor, making about $75,000 per year, while Pat makes about $110,000 annually as an engineer. Both have Master's Degrees in their fields. Despite her higher income, Pat has more economic stress than Jody. This most likely means that

Answer 1

Answer: Jody pays a much lower tax rate than Pat

Explanation:

The options include:

A. Jody works fewer hours than Pat.

B) Jody has more net worth than Pat.

C) Jody pays a much lower tax rate than Pat.

Economic stress occurs when an individual feels stress as a result of one's finances.

In this case, we are told that Jody works as a school counselor, making about $75,000 per year, while Pat makes about $110,000 annually as an engineer. Despite earning a higher income, Pat will feel economic stress than Jody in a situation whereby the tax rate paid by Pat is higher.