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The government implements a negative income tax plan with a guaranteed minimum income of $5,000 and a phase-out rate for payments of 50%. Complete the

The government implements a negative income tax plan with a guaranteed minimum income of $5,000 and a phase-out rate for payments of 50%.

Complete the following table by calculating the negative tax and total after-tax income for each family income given. (Note: Suppose that any income above $11,000 would pay a positive tax.)

Family Income Negative Tax Total After-Tax Income
(Dollars) (Dollars) (Dollars)
0
3,000
5,000
7,000
9,000
11,000

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