Income assistance benefits are
a. taxed at a high marginal rate, in the sense that benefits sharply decrease as earned income increases
b. taxed at a 20 percent marginal rate
c. taxed at a high marginal rate in order to provide work incentives
d. unaffected by increases in earned income
e. positively related to income from other sources
A
Economics
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If one US dollar costs 0.8 Euros, then 1 Euro must cost how many US dollars?
a. 0.5 b. 0.8 c. 1.0 d. 1.25 e. 1.5
Economics
Total surplus:
A. is producer and consumer surplus combined.
B. is producer surplus minus consumer surplus.
C. is consumer surplus minus producer surplus.
D. is the total amount spent on a good in a market.
Economics