Sue is a single parent with two children. She is considering a part-time job that pays $1,600
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Sue is a single parent with two children. She is considering a part-time job that pays $1,600 per month. She is currently drawing monthly cash benefits of $600, food stamp benefits of $200, and Medicaid benefits valued at $160. If she accepts the job, she will be liable for employment taxes of $112 per month and lose all transfer benefits. What is Sue’s implicit marginal tax rate for this job?
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Related Book For
Economics Private And Public Choice
ISBN: 9780357133996
17th Edition
Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
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