The plan's provisions are very simple. Adults would get $1,200 each and $500 for each child (For example, a couple together get $500 for one kid, they don't each get $500 for one kid). At higher incomes, the checks would get smaller: The benefit would start decreasing at a rate of $5 for every additional $100 in income. The phaseout starts at $75,000 in income for singles and $150,000 for married couples; it would phase out entirely by $99,000 for singles and $198,000 for couples (with no children). $500 per child is provided regardless of income. a. What is an equation that will tell you how much your stimulus check will be based on your income and other relevant variables)? Be sure to clearly state what each variable represents. b. What will the stimulus check amount for the following situations: i) married couple making $200,000 with 2 kids ii) single person making $24,000 with one kid iii) single person making $85,000 with no kids iv) married couple making $175,000 with 3 kids C. At what income will you get $0 in stimulus money (assuming you have no kids)? I d. Does this plan seem fair to you? Why or why not? e. If you could decide criteria for the stimulus money what would your criteria be and why would you make those choices? Why do you think your plan is more fair? The plan's provisions are very simple. Adults would get $1,200 each and $500 for each child (For example, a couple together get $500 for one kid, they don't each get $500 for one kid). At higher incomes, the checks would get smaller: The benefit would start decreasing at a rate of $5 for every additional $100 in income. The phaseout starts at $75,000 in income for singles and $150,000 for married couples; it would phase out entirely by $99,000 for singles and $198,000 for couples (with no children). $500 per child is provided regardless of income. a. What is an equation that will tell you how much your stimulus check will be based on your income and other relevant variables)? Be sure to clearly state what each variable represents. b. What will the stimulus check amount for the following situations: i) married couple making $200,000 with 2 kids ii) single person making $24,000 with one kid iii) single person making $85,000 with no kids iv) married couple making $175,000 with 3 kids C. At what income will you get $0 in stimulus money (assuming you have no kids)? I d. Does this plan seem fair to you? Why or why not? e. If you could decide criteria for the stimulus money what would your criteria be and why would you make those choices? Why do you think your plan is more fair