Multiple Choice
Suppose a negative income tax system is established and the formula to compute a person's annual tax liability is:
tax due = (25% of income) - €15,000.
If a person earns no income then he would receive a negative income tax payment of
A) €3,750.
B) €15,000.
C) €18,750.
D) €60,000.
Correct Answer:
Verified
Correct Answer:
Verified
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