Assume That the Government Proposes a Negative Income Tax That

Assume that the government proposes a negative income tax that calculates taxes owed by the following formula: Taxes owed = (1/3 × income) - $10,000.If a family earns an income of $30,000,how does the negative income tax affect them

A) They pay a tax of $1000.
B) They pay $600 in taxes.
C) They receive an income subsidy of $500.
D) They owe $0 in taxes.