Use the following formula to answer the indicated question: Welfare benefit = Maximum benefit - 0.7 [Wages - (Work expenses + Child care costs)]
Suppose Carter works 1,200 hours per year at a wage of $6 per hour,has child care expenses of $2,200 per year,and has work expenses of $800.If the state maximum welfare benefit is $12,000 per year,based on the welfare formula given,Carter's welfare benefit will be

Question

Quizplus · Accepted Answer

First, we need to calculate Carter's wages, work expenses, and child care costs for the year:
Wages = 1,200 hours x $6 per hour = $7,200
Work expenses + Child care costs = $800 + $2,200 = $3,000
Plugging these values into the welfare formula, we get:
Welfare benefit = $12,000 - 0.7 [($7,200) - ($3,000)]
Welfare benefit = $9,060
Therefore, the best choice is C, as Carter's welfare benefit is $9,060.

Use the Following Formula to Answer the Indicated Question: Welfare