Suppose the Government Used the Following Formula to Compute a Family's

question 284

Multiple Choice

Suppose the government used the following formula to compute a family's tax liability: Taxes owed = 28% of income - $8,000. How much would a family have to earn to owe $0 in taxes?

• A)$8,000
• B)$16,283
• C)$28,571
• D)$30,694

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Definitions:

Maslow's Hierarchy

A theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Aesthetic Needs

The human desire for beauty, order, and form, often related to the arts and nature.

Cognitive Needs

Cognitive needs for comprehending, investigating, and interpreting the world and self.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing thoughts, feelings, and behaviors.