Which of the following formulas is most representative of a negative income tax proposal?
A) Taxes Owed = (1/4 of Income) × $2
B) Taxes Owed = (1/2 of Income) × 3/4
C) Taxes Owed = (1/2 of Income) + $15,000
D) Taxes Owed = (1/3 of Income) - $15,000
Correct Answer:
Verified
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