Multiple Choice
This year, Abigail earned $15,000 and she paid 15 percent in income and payroll taxes. She qualified for Medicaid and food stamps. For every $100 that she earns, Abigail loses $35 in Medicaid benefits and $15 in food stamps. Abigail faces an effective marginal tax rate of
A) 15 percent.
B) 35 percent.
C) 50 percent.
D) 65 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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