Net income under the negative income tax

Under the negative income tax system demonstrated in this given figure, a family of four along with earned income of $75,000 per year would have a net as [after-tax] income of: (i) $15,000 per year. (ii) $30,000 per year. (iii) $45,000 per year. (iv) $60,000 per year. (v) $75,000 per year.

1127_Problem on Negative Income Tax.png

How can I solve my Economics problem? Please suggest me the correct answer.

View Complete Question

Related Questions in Microeconomics

Q : Industry demand curve identity

Babble-On maintains world-wide patents for software which translates any of 314 spoken languages within text, along with automatic audio and text translations within any of the other three-hundred-thirteen languages. When Babble-On is a pure monopoly, such firm confro

Q : Demand curve when taxes shifted forward

Taxes will be shifted forward completely when supply is positively sloped as well as the demand curve is, there contrary to economic reasoning: (1) perfectly inelastic. (2) perfectly elastic. (3) unitarily elastic. (4) flatter than supply.

Q : Engage market power in price

If this is possible, firms along with market power engage in price discrimination to: (i) defy civil rights legislation. (ii) help consumers. (iii) help the community. (iv) increase their profits. (v) reduce production costs.

Q : Break Even Income A marginal tax rate

A marginal tax rate of 50 percent and an income floor of $6,500 yield a break even income of: (w) $3,250. (x) $6,500. (y) $9,750. (z) $13,000. I need a good answer on the topic of Economics

Q : Effects of price ceiling Effects of

Effects of price ceiling: The consequences of price ceiling might be: A) Scarcity of the commodity B) The government might oblige rationing that is, supply of goods in limited q

Q : Demand when total revenue uninfluenced

When total revenue to a firm is uninfluenced by small price changes, in that case demand is: (1) relatively price elastic. (2) relatively price inelastic. (3) unitarily price elastic. (4) vertical. (5) horizontal.

Q : What is Barter system Barter system :

Barter system: It is the Exchange of goods for goods is termed as barter system.

Q : Conscious interdependence of oligopoly

Firms that should contemplate the potential reactions of rival firms while adjusting their pricing and output to maximize long run profit are operating within an industry which is: (1) perfectly competitive. (2) purely competitive. (3) monopolisticall

Q : Major advantages of Corporations Can

Can someone help me in finding out the right answer from the given options. The major benefits of the corporate form of business comprise: (i) Limited liability of owners. (ii) Better access to the markets for financial capital. (iii) The corporation is not dissolved

Q : Question based on balance sheets Help

Help me to solve this problem. Refer to the given balance sheets. If the reserve ratio is 25%, the maximum money-creating potential of the commercial banking system is: A) $36. B) $17. C) $48. D) $24.

Discover Q & A

Leading Solution Library

Avail More Than 1443385 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1959490
Asked

3,689

Active Tutors

1443385

Questions
Answered

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

Submit Assignment