If a negative income tax was Tax = (30 percent x income) $15,000: a. What would
Question:
If a negative income tax was Tax = (30 percent x income) – $15,000:
a. What would be the tax/refund for a family earning $100,000 a year?
b. What would be the tax/refund for a family earning $50,000 a year?
c. What would be the tax/refund for a family earning $40,000 a year?
d. What would be the tax/refund for a family earning $10,000 a year?
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a By the formula Tax 30 percent x income 15000 30 x 100000 15000 15000 in tax...View the full answer
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