Business, 21.12.2019 05:31 sophiawatson70

Assume that the government proposes a negative income tax that calculates the taxes owed as follows: taxes owed equal 30% of income less 12,000. a family that earns an income of $60,000 will

(a) receive an income subsidy of $12,000.
(b) receive an income subsidy of $6,000.
(c) have an after-tax income of $48,000.
(d) pay $6,000 in taxes.

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