Suppose the basic benefit is $200, the benefit reduction rate is 40 percent, and net income is $100. What is the benefit?

Name: Suppose the basic benefit is $200, the benefit reduction rate is 40 percent, and net income is $100. What is the benefit?
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Question

Quizplus · Accepted Answer

The net income is subtracted from the basic benefit and the remaining amount is multiplied by the benefit reduction rate:

$200 - $100 = $100
$100 x 0.40 = $40

Therefore, the benefit is $200 - $40 = $160.

Suppose the Basic Benefit Is $200, the Benefit Reduction Rate