Multiple Choice
Scenario 20-2
Suppose the government implemented a negative income tax and used the following formula to compute a family's tax liability:
Taxes owed = (1/4 of income) - $20,000
-Refer to Scenario 20-2.This negative income tax would guarantee what minimum level of income to every family?
A) $5,000
B) $10,000
C) $20,000
D) $40,000
Correct Answer:
Verified
Correct Answer:
Verified
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