Use the following formula to answer the indicated question: Welfare benefit = Maximum benefit - 0.7 [Wages - (Work expenses + Child care costs)] Suppose Ramirez works 1,800 hours per year at a wage of $7 per hour,has no child care expenses,and has work expenses of $600.If the state maximum welfare benefit is $13,000 per year,based on the welfare formula given,Ramirez's welfare benefit will be

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Quizplus · Accepted Answer

First, we need to calculate Ramirez's annual income:
Wages = 1800 hours * $7 per hour = $12,600
Work expenses = $600
Child care costs = $0
Therefore, Ramirez's income (wages minus work and child care expenses) is:
$12,600 - ($600 + $0) = $12,000
Using the welfare formula, we can calculate Ramirez's benefit:
Welfare benefit = $13,000 - 0.7[$12,000]
Welfare benefit = $4,600
Therefore, Ramirez's welfare benefit is $4,600.

Use the Following Formula to Answer the Indicated Question: Welfare