Assume That the Government Proposes a Negative Income Tax That

Assume that the government proposes a negative income tax that calculates taxes owed by the following formula: Taxes owed = (1/3 × income) - $10,000.If a family earns an income of $60,000,how does the negative income tax affect them

A) They pay $3300 in taxes.
B) They pay $10,000 in taxes.
C) They receive a subsidy of $3300.
D) They receive an income subsidy of $10,000.