Use the Following Formula to Answer the Indicated Question: Welfare

question 47

Multiple Choice

Use the following formula to answer the indicated question: Welfare benefit = Maximum benefit - 0.7 [Wages - (Work expenses + Child care costs) ]
Suppose Carter works 1,200 hours per year at a wage of $6 per hour,has child care expenses of $2,200 per year,and has work expenses of $800.If the state maximum welfare benefit is $12,000 per year,based on the welfare formula given,Carter's welfare benefit will be

• A)$3,000.
• B)$10,200.
• C)$9,060.

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Definitions:

Corporation

A legal entity separate from its owners, with its rights and liabilities, that is formed to conduct business or other activities.

Limited Liability

A legal principle that limits an investor's or owner's financial loss in a business venture to the amount of capital they have invested.

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The lack of attention or consideration for the consequences of one's actions, often leading to mistakes or accidents.

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