Exhibit 12-7 Negative income tax
Under the negative income tax scheme in Exhibit 12-7, families earning between $10,000 and $40,000 would:
A) receive the maximum negative income tax payment of $20,000.
B) receive payments under the negative income tax.
C) pay no income taxes, but receive no payments.
D) pay taxes of $5,000.
Correct Answer:
Verified
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