Connect Problem CP 23-08 Layla earns wages of $29,500 per year. She qualies for about $7,500 in housing credits, which raises her overall income to
Connect Problem CP 23-08 Layla earns wages of $29,500 per year. She qualies for about $7,500 in housing credits, which raises her overall income to $37,000. Housing credits are withdrawn for anyone earning more than $30,000 per year. Instructions: Enter your answers as a whole number. a. If Layla earns an extra $2,000 per year, by how much will her overall income change? Her overall income will decrease : by $ b. Now suppose instead that housing credits are withdrawn gradually at a rate of $1,500 for each $1,000 that someone is earning above the wage limit of $28,500 per year. Assuming Layla earns an extra $2,000 per year above her original wage of $29,500 per year, how large will her housing credit be? $: c. Based on the housing benefit plan decribed in part b, where housing credits are withdrawn gradually, Layla's overall income will be when she earns an extra $2,000 per year in wages. the same 0 higher lower
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