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Suppose the welfare benefit formula is Benefit = $8,000 0.67 (Wages > $2,000) (a) What is the marginal tax rate on (i)

Suppose the welfare benefit formula is

Benefit = $8,000 – 0.67 (Wages > $2,000)

(a) What is the marginal tax rate on

(i) The first $2,000 of wages?

(ii) Wages above $2,000?

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