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-In Exhibit R-7, What Is the Tax Paid or Received

Question 86

Multiple Choice

-In Exhibit R-7, what is the tax paid or received and the after-tax income of a family with an independent income of $5,000? A) The tax is $0 and after-tax income is $5,000. B) The tax is $2,500 and after-tax income is $2,500. C) The tax is -$2,500 and after-tax income is $7,500. D) The tax is -$5,000 and after-tax income is $10,000. E) There is not enough information given.
-In Exhibit R-7, what is the tax paid or received and the after-tax income of a family with an independent income of $5,000?


A) The tax is $0 and after-tax income is $5,000.
B) The tax is $2,500 and after-tax income is $2,500.
C) The tax is -$2,500 and after-tax income is $7,500.
D) The tax is -$5,000 and after-tax income is $10,000.
E) There is not enough information given.

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