Suppose the welfare benefit formula is Benefit = $8,000 0.67 (Wages > $2,000) (a) What
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Question:
Suppose the welfare benefit formula is
Benefit = $8,000 – 0.67 (Wages > $2,000)
(a) What is the marginal tax rate on
(i) The first $2,000 of wages?
(ii) Wages above $2,000?
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