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Safari File Edit View History Bookmarks Window Help @ a' 16% D Thu 11:11 PM a rpce.instructure.com 0 RPCC Canvas Help Quiz: Final Exam | Chegg.com Question 48 2 pts Income assistance benefits are taxed at a high marginal rate, in the sense that benefits sharply decrease as earned income increases taxed at a 20 percent marginal rate taxed at a high marginal rate in order to provide work incentives unaffected by increases in earned income positively related to income from other sources Our Better Grades Guarantee Terms

Explanation / Answer

Correct option: (A)

Reason: Since income assistance benefits are provided to low income households, they are taxed at high marginal rates so that as incomes start to increase, income assistance falls as people become richer and thus ineligible for these benefits.

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