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Which Formula Is Most Representative of a Negative Income Tax

Question 9

Multiple Choice

Which formula is most representative of a negative income tax proposal


A) Taxes owed = (1/4 of income) + $20,000
B) Taxes owed = (1/4 of income) × 4
C) Taxes owed = (1/3 of income) - $15,000
D) Taxes owed = (1/2 of income) × 5/8

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