Complete the following table by calculating the negative tax and total after-tax income for each family income given above $10,800 would pay a positive tax.) Family Income (Dollars) 0 2,800 4,800 6,800 Negative Tax (Dollars) Total After-Tax Income (Dollars)

Complete the following table by calculating the negative tax and total after-tax income for each family income given above $10,800 would pay a positive tax.) Family Income (Dollars) 0 2,800 4,800 6,800 Negative Tax (Dollars) Total After-Tax Income (Dollars)

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter16: The Public Sector

Section: Chapter Questions

Problem 19SQ

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Question

The government implements a negative Income tax plan with a guaranteed minimum income of $5,000 and a phase-out rate for
payments of 50%.
Complete the following table by calculating the negative tax and total after-tax income for each family income given. (Note: Suppose that any income
above $10,800 would pay a positive tax.)
Family Income Negative Tax
(Dollars)
(Dollars)
0
2,800
4,800
6,800
8,800
10,800
Total After-Tax Income
(Dollars)

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