Suppose a poverty program has a basic benefit of $12,000,zero deductions,and a marginal tax rate of 0.80.The breakeven level of income is

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The breakeven level of income is the point at which the benefit phases out completely. With a marginal tax rate of 0.80, for every dollar earned, the benefit is reduced by 80 cents. To completely phase out a $12,000 benefit, the earned income would need to be $12,000 / 0.20 (since 1 - 0.80 = 0.20), which equals $60,000. However, there seems to be a misunderstanding in the calculation or the options provided do not match the typical calculation for breakeven income based on the given parameters. Given the options, none directly corresponds to the typical calculation for breakeven income with the provided details. A reevaluation of the question or clarification of the options might be necessary.

Suppose a Poverty Program Has a Basic Benefit of $12,000,zero