Exhibit 12-8 Negative income tax for a family
-In Exhibit 12-8, consider a family that earns less than the break-even income level. For each $1 of earned income, this family's government payment will be reduced by:

Question

Exhibit 12-8 Negative income tax for a family 
-In Exhibit 12-8, consider a family that earns less than the break-even income level. For each $1 of earned income, this family's government payment will be reduced by:

Quizplus · Accepted Answer

For each $1 of earned income, this family's government payment will be reduced by $0.33.

Exhibit 12-8 Negative Income Tax for a Family