Asked by
April Updegraff
on Nov 16, 2024
Verified
If the government decided that each family needs a minimum income of $25,000 and promised to make up the difference between whatever a family earned and $25,000, which of the following is correct?
A) The government is effectively taxing every dollar earned up to $25,000 at a rate of 50%.
B) This program doesn't change anyone's incentive to work.
C) This program encourages people to work more in order to receive additional on-the-job training, which improves their skills.
D) This program reduces the incentive to work to earn any wage up to $25,000.
Minimum Income
The lowest level of income deemed adequate for living at a basic standard.
Incentive to Work
refers to the factors or motivations that encourage individuals to engage in employment or increase their work effort.
On-The-Job Training
A method of learning skills and competencies required for a job through direct performance during work hours.
- Assess the influence of state policies on employment incentives and mitigating poverty.
Verified Answer
MG
Learning Objectives
- Assess the influence of state policies on employment incentives and mitigating poverty.