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Salsk061 [2.6K]
2 years ago
12

Zooey is a single mother of two young children whose husband died in a tragic car accident. She earns $20,000 per year working a

s a cashier at a grocery store. The government uses a negative income tax system in which Taxes owed = (1/4 of income) - $15,000.
How much does Zooey owe or receive from the government?

a. She owes $5,000
b. She receives $10,000.
c. She owes $10,000.
d. She receives $15,000.
Business
1 answer:
dalvyx [7]2 years ago
8 0

Answer:

b. She receives $10,000

Explanation:

Taxes owed = (1/4 of income) - $15,000.

Taxes owed = (1/4 x 20,000) - $15,000.

= 5,000 - 15,000 => -10,000

Hence, she receives $10,000 from the government.

A negative income tax is a system where people earning below a certain amount receive supplemental pay from the government instead of paying taxes to the government.

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Some risks associated with investing in real estate are?
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Answer:

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