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Suppose a Poverty Program Has a Basic Benefit of $10,000,zero

Question 18

Multiple Choice

Suppose a poverty program has a basic benefit of $10,000,zero deductions,and a breakeven level of income of $25,000.The marginal tax rate is ________ percent.


A) 2.50
B) 0.40
C) 0.20
D) 0.08

Correct Answer:

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