Use the following formula to answer the indicated question: Welfare benefit = Maximum benefit - 0.7 [Wages - (Work expenses + Child care costs)] Suppose Miller works 2,000 hours per year at a wage of $8 per hour, has child care expenses of $3,000 per year, and has work expenses of $2,000. If the state maximum welfare benefit is $10,000 per year, based on the welfare formula given, Miller's welfare benefit will be
A. $10,000.
B. Zero because his income has exceeded the limit.
C. $2,300.
D. $14,400.
Answer: C
Economics
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