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question 54

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Use the following to answer questions:
Figure: Wage Subsidy Use the following to answer questions: Figure: Wage Subsidy   -(Figure: Wage Subsidy)  Refer to the figure. If a minimum wage of $8 had been implemented instead of a wage subsidy, how many workers would have been unemployed? A)  60 B)  30 C)  180 D)  120
-(Figure: Wage Subsidy) Refer to the figure. If a minimum wage of $8 had been implemented instead of a wage subsidy, how many workers would have been unemployed?


Definitions:

Dependent Taxpayer Test

Criteria used to determine if a taxpayer can be claimed as a dependent on someone else's tax return, affecting exemptions and credits.

Support Test

Criteria used by the IRS to determine if an individual can claim another person as a dependent based on financial support provided.

Qualifying Child

A dependent who meets certain IRS criteria related to relationship, age, residency, and support, allowing the taxpayer to claim various tax benefits.

Taxpayer's Spouse

The individual married to the taxpayer, who can be included on a joint tax return, affecting deductions, credits, and taxable income.

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