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1. Welfare Payments (10 points-show all work) Alyssa's work and welfare situation are as follows: Wage rate= $4; Annual hours of work = 800 Annual
1. Welfare Payments (10 points-show all work) Alyssa's work and welfare situation are as follows: Wage rate= $4; Annual hours of work = 800 Annual welfare payment with no work = $4,600 Disregard - $1,080; Marginal tax rate = 0.67 Calculate: a. Alyssa's gross income b. Alyssa's break-even level income c. Alyssa's gross income if her wage rate were increased to $6 per hour d. Alyssa's gross income if her wage rate increased to $10 per hour 1. Welfare Payments (10 points-show all work) Alyssa's work and welfare situation are as follows: Wage rate= $4; Annual hours of work = 800 Annual welfare payment with no work = $4,600 Disregard - $1,080; Marginal tax rate = 0.67 Calculate: a. Alyssa's gross income b. Alyssa's break-even level income c. Alyssa's gross income if her wage rate were increased to $6 per hour d. Alyssa's gross income if her wage rate increased to $10 per hour
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