Income $20,000 $17,500 $15,000 $12,500 $10,000 $7500 $5000 $2500 0 Figure 34.4* 250 500 Total Income Wages at $10 per hour Welfare Benefits 750 1000 1250 Hours Worked (per year) 1500 1750 2000 Refer to Figure 34.4. The breakeven level of income in this example is