Because government benefits paid by most universal programs are taxable,their net after-tax yield depends on the income of the recipient.Hence
A) gross payments may be universal,but net benefits are not.
B) gross payments may not be universal,but net benefits are.
C) gross payments may not be universal,and net benefits are not.
D) gross payments and net benefits are universal.
E) only higher-income households can benefit fully from such programs.
Correct Answer:
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