If the benefit reduction rate is 25 percent,the net gain from an additional dollar of income is:

Name: If the benefit reduction rate is 25 percent,the net gain from an additional dollar of income is:
Brand: Quizplus
Rating: 4.9 (41 reviews)

Question

Quizplus · Accepted Answer

If the benefit reduction rate is 25%, it means that for every additional dollar earned, the person will only receive $0.75 in additional benefits, since $0.25 will be lost due to the reduction. Therefore, the net gain from an additional dollar of income is $0.75.

If the Benefit Reduction Rate Is 25 Percent,the Net Gain