If in the negative income tax proposal the guaranteed income floor is $9,000 and the tax rate

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If in the negative income tax proposal the guaranteed income floor is $9,000 and the tax rate is 25%, what is the value of the break-even income? Show the solution and explain.

$45,000.

$6,750.

$2,250.

$36,000.

$9,000.

Related Book For answer-question

Microeconomics

ISBN: 978-0133019940

11th edition

Authors: Michael Parkin

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Posted Date: Jan 06, 2021 04:56 PM

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If in the negative income tax proposal the guaranteed income floor is $9,000 and the tax rate

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Answer The correct option is C Negative income tax means the su... View the full answer

Microeconomics

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