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Author Question: With a negative income tax featuring an 8,000 minimum level of income and a 20 tax rate, a household ... (Read 161 times)

dollx

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on: Jun 30, 2018
With a negative income tax featuring an 8,000 minimum level of income and a 20 tax rate, a household earning 8,000 dollars would receive a subsidy of:
 a. zero
 b. 1,600
  c. 6,400
  d. 8,000

Question 2

Assume that Jane has limited wealth to invest in two assets both of which promise her returns worth 3,000 after two years. The first is a bank deposit assuring an interest of 10 percent per annum and the second is a private bond with an interest rate of 8 percent per annum. Which of the two would require a low initial investment and of what amount?
 a. The bond requiring an initial investment worth 2,564 .
  b. The bank deposit requiring an initial investment worth 2,479.
  c. The bond requiring an initial investment worth 2,479.
  d. The bank deposit requiring an initial investment worth 2,564.


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amynguyen1221

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

B


dollx

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

patma1981

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Reply 3 on: Yesterday
Wow, this really help

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