Suppose a Poverty Program Has a Basic Benefit of $10,000,zero

question 18

Multiple Choice

Suppose a poverty program has a basic benefit of $10,000,zero deductions,and a breakeven level of income of $25,000.The marginal tax rate is ________ percent.

• A)2.50
• B)0.40
• C)0.20
• D)0.08

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Definitions:

Experiential System

A cognitive process based on sensory experiences, intuition, and personal feelings, as opposed to analytical thinking.

Schema Accessibility

The ease with which a mental schema is activated in one's mind, influencing perception and behavior in specific situations.

Salience

The quality of being particularly noticeable or important; the state or condition of something that stands out or is prominently perceived.

Accessibility

The ease with which information, resources, or services can be reached or used by people.