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    Principles of Microeconomics Study Set 10
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    Exam 20: Income Inequality and Poverty
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    Which of the Following Formulas Is Most Representative of a Negative
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Which of the Following Formulas Is Most Representative of a Negative

Question 365

Question 365

Multiple Choice

Which of the following formulas is most representative of a negative income tax proposal?


A) Taxes Owed = (1/4 of Income) Which of the following formulas is most representative of a negative income tax proposal? A) Taxes Owed = (1/4 of Income)    $2 B) Taxes Owed = (1/2 of Income)    3/4 C) Taxes Owed = (1/2 of Income)  + $10,000 D) Taxes Owed = (1/3 of Income)  - $10,000 $2
B) Taxes Owed = (1/2 of Income) Which of the following formulas is most representative of a negative income tax proposal? A) Taxes Owed = (1/4 of Income)    $2 B) Taxes Owed = (1/2 of Income)    3/4 C) Taxes Owed = (1/2 of Income)  + $10,000 D) Taxes Owed = (1/3 of Income)  - $10,000 3/4
C) Taxes Owed = (1/2 of Income) + $10,000
D) Taxes Owed = (1/3 of Income) - $10,000

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