Multiple Choice
The Following Questions Refer to the information given below.
Suppose the government implements a negative income tax plan to deal with the poverty problem.The negative income tax rate is set at 50%,and the break-even level of income is set at $5,000.
-If a family earns $5,000 income,their negative income tax subsidy will be
A) $0
B) $1,500
C) $2,500
D) $5,000
E) $7,500
Correct Answer:

Verified
Correct Answer:
Verified
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