Income) -
a. What is the value for "a"?
b. A family with an income of $40,000 pays $5,000 in taxes, and a family with an income of $12,000 receives an income subsidy of $2,000.
b. What is the value for "b"?
c. What is the tax liability of a family with an income of $50,000?
d. At what level of income will a family neither pay taxes, nor receive an income subsidy?

Question

Quizplus · Accepted Answer

The Answer of Income) -
a. What is the value for "a"?
b. A family with an income of $40,000 pays $5,000 in taxes, and a family with an income of $12,000 receives an income subsidy of $2,000.
b. What is the value for "b"?
c. What is the tax liability of a family with an income of $50,000?
d. At what level of income will a family neither pay taxes, nor receive an income subsidy?

Income) - A. What Is the Value for "A