A taxpayer with utility of income function U = ln(Y) faces an income tax rate t = 0.5, a probability of being audited p = 0.1 and pays a fine at rate F = 1 on any tax they try to evade. The taxpayer should declare:

Group of answer choices. choose the correct option

50% of their income.

none of their income.

all their income.

30% of their income.

20% of their income