If a negative income tax was Tax = (30 percent x income) $15,000: a. What would

Question:

If a negative income tax was Tax = (30 percent x income) – $15,000:

a. What would be the tax/refund for a family earning $100,000 a year?

b. What would be the tax/refund for a family earning $50,000 a year?

c. What would be the tax/refund for a family earning $40,000 a year?

d. What would be the tax/refund for a family earning $10,000 a year?

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Exploring Microeconomics

ISBN: 9781544339443

8th Edition

Authors: Robert L. Sexton

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Question Posted: Feb 07, 2013 06:10 AM

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If a negative income tax was Tax = (30 percent x income) $15,000: a. What would

Question:

Step by Step Answer:

a By the formula Tax 30 percent x income 15000 30 x 100000 15000 15000 in tax...View the full answer

Exploring Microeconomics

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