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Author Question: Assume a negative income tax is set up with a 20 percent tax rate on market income and a guaranteed ... (Read 63 times)

schs14

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Assume a negative income tax is set up with a 20 percent tax rate on market income and a guaranteed minimum income of $9,000.
a.   What is the amount of taxes a household with $23,000 of market income pays or the amount of taxes this household receives?
b.   What is the amount of taxes a household with $65,000 of market income pays or the amount of taxes this household receives?


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Marked as best answer by schs14 on May 24, 2019

rachel

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schs14

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Reply 2 on: May 24, 2019
Gracias!


olderstudent

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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