What would be the tax/refund for a specific year

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Reference no: EM131443352

Question: If a negative income tax was Tax = (30 percent × income) - $15,000:

a. What would be the tax/refund for a family earning $100,000 a year?

b. What would be the tax/refund for a family earning $50,000 a year?

c. What would be the tax/refund for a family earning $40,000 a year?

d. What would be the tax/refund for a family earning $10,000 a year?

Reference no: EM131443352

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