Top Posters
Since Sunday
c
5
j
5
a
5
L
5
f
5
j
5
D
4
k
4
y
4
t
4
h
4
l
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
teyodani teyodani
wrote...
Go to Answer
Posts: 154
Rep: 0 0
A year ago
Welfare and Transfers

The country Scindo has 20 million households. Ten million are poor households that each have labor market earnings of $18,000 per year, and ten million are rich households that each have labor market earnings of $81,000 per year. Suppose the government enacted a marginal tax of 35 percent on all labor market earnings above $18,000 and transferred this money to poor households. What is the income for poor households after taxes and redistribution? What is the income for rich households after taxes and redistribution?

▸ $46,350.00, $52,650.00

▸ $40,050, $58,950

▸ $40,050, $52,650.00

▸ $46,350.00, $58,950
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
Read 48 times
1 Reply
Replies
Answer verified by a subject expert
carducbcarducb
wrote...
#1
Posts: 136
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

teyodani Author
wrote...

A year ago
Brilliant ツ
Goku935
wrote...

Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
nadiia
wrote...

2 hours ago
Just got PERFECT on my quiz
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  973 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 444
  
 571
  
 813
Your Opinion
What's your favorite math subject?
Votes: 315
Previous poll results: Which of the following is the best resource to supplement your studies: