Suppose a Poverty Program Has a Basic Benefit of $14,000,zero

question 134

Multiple Choice

Suppose a poverty program has a basic benefit of $14,000,zero deductions,and a marginal tax rate of 0.70.The breakeven level of income is

• A)$14,000.
• B)$9,800.
• C)$4,200.
• D)$20,000.

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Definitions:

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