Assume that the government proposes a negative income tax that calculates taxes owed by the following formula, Taxes Owed = (1/3 Income) - $10,000.
a. $120,003
b. $90,003
c. $60,003
d. $30,003
e. $0

Question

Assume that the government proposes a negative income tax that calculates taxes owed by the following formula, Taxes Owed = (1/3  Income) - $10,000. 
a. $120,003
b. $90,003
c. $60,003
d. $30,003
e. $0
<sub

Quizplus · Accepted Answer

The Answer of Assume that the government proposes a negative income tax that calculates taxes owed by the following formula, Taxes Owed = (1/3  Income) - $10,000. 
a. $120,003
b. $90,003
c. $60,003
d. $30,003
e. $0
<sub

Assume That the Government Proposes a Negative Income Tax That