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Suppose a Poverty Program Has a Basic Benefit of $14,000,zero

Question 134

Multiple Choice

Suppose a poverty program has a basic benefit of $14,000,zero deductions,and a marginal tax rate of 0.70.The breakeven level of income is

A) $14,000.
B) $9,800.
C) $4,200.
D) $20,000.

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