Earning income under negative income tax

Under the negative income tax system demonstrated in this figure, a family of four along with earned income of $15,000 yearly would have a net [after-tax] income of: (i) $30,000 per year. (ii) $27,500 per year. (iii) $25,000 per year. (iv) $22,500 per year. (v) $20,000 per year.

1815_Problem on Negative Income Tax.png

Can someone explain/help me with best solution about problem of Economics...

View Complete Question

Related Questions in Microeconomics

Q : Illustrations of Micro economic

Give two illustrations of Micro economic variables studies. Answer: a. Individual demand b. Individual savings

Q : Interest rates on financial instruments

Interest rates on specified financial instruments tend to be lower the: (1) shorter the period to maturity. (2) greater the risk of default. (3) less liquid is the asset. (4) greater the expected rate of inflation. (5) greater the face value is relati

Q : Needs firm by maximizing profits for

Maximizing profit needs every firm to manufacture the output level where marginal is: (i) revenue is maximized. (ii) cost equals the lowest possible average total cost. (iii) revenue equals marginal cost. (iv) revenue exceeds ma

Q : Problem regarding to trade barriers for

When the import market was within equilibrium before the Japanese government began subsidizing all autos exported by the amount dg, in that case U.S. car buyers would be: (w) pay P2 for a car previouslszy priced at P0. (x) suffer Q0 to

Q : Price elasticity of demand among

The price elasticity of demand as in below illustrated figure for DVD games among prices of $20 and $30 is about: (w) 1.00. (x) 25. (y) 1/25. (z) 1/2.

Q : Pure competition or monopoly with

Compared along with pure competition or monopoly, not perfect competition is: (w) far more common in Europe than in the United States. (x) much more common in markets during the world. (y) much less common in advanced nations than in underdeveloped na

Q : Elasticity of Supply Elasticity of

Elasticity of Supply: The law of supply states us that quantity supplied will react to a modification in price. The notion of elasticity of supply elucidates the rat

Q : Equality Income distribution in

According to the equality standard of income distribution: (i) an equal distribution of income maximizes society’s economic welfare. (ii) income must be divided in proportion to need. (iii) income must be commensurate with productivity. (iv) fac

Q : Ratios of personal benefits in Welfare

Welfare is explained as being received while: (w) the ratios of personal benefits received by government programs associate to taxes paid are greater than for the average citizen. (x) economic rents are earned by owners of inputs. (y) a productive inp

Q : Variation in demand curve with price

The demand curve along with price elasticity which definitely varies along the curve is within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

Discover Q & A

Leading Solution Library

Avail More Than 1436737 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1955751
Asked

3,689

Active Tutors

1436737

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment