Scenario 20-2 Suppose the Government Implemented a Negative Income Tax and Used

question 186

Multiple Choice

Scenario 20-2
Suppose the government implemented a negative income tax and used the following formula to compute a family's tax liability:
Taxes owed = (1/4 of income) - $20,000
-Refer to Scenario 20-2.This negative income tax would guarantee what minimum level of income to every family?

• A) $5,000
• B) $10,000
• C) $20,000
• D) $40,000

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Definitions:

Pay Equity

The concept of ensuring that employees are compensated equally for work of equal value regardless of gender, race, or other unrelated factors.

Male Comparator Jobs

Reference occupations or roles typically dominated by men, used in evaluating job equality and assessing wage gaps against female-dominated jobs.

Inequitable Female Job Classes

Describes job categories or classifications that unfairly disadvantage women in terms of pay, opportunities, or treatment compared to male-dominated job classes.

Hay Plan

A method of job evaluation developed by the Hay Group that assesses positions on the basis of know-how, problem-solving ability, and accountability to determine relative worth.