contestada

Tim is a single father with 1 child. He can work as a bagger at the local grocery store for $6 per hour up to 1,200 hours per year. He is eligible for welfare, and if he does not earn any income, he will receive $15,000 a year. If Tim works, the government policy is to deduct 60 cents from his welfare stipend for every $1 that he earns in income. This government policy provides a monetary incentive to work, because

Respuesta :

Cricetus

Answer:

The more he works, the higher Tim's salary level. A further explanation is provided below.

Explanation:

Throughout this instance, we must look at Tim's degree of labor as well as his revenue.

Tim would then earn $15,000 if he doesn’t really perform, then he can make,

= [tex]6\times 1200[/tex]

= [tex]7200 \ per \ year[/tex]

60 per cent of its revenue as well from his assistance fund would be deducted by the administration.

= [tex]15000-0.60\times 7200[/tex]

= [tex]10680[/tex]

Now,

His total income will be:

= [tex]10680+7200[/tex]

= [tex]17880[/tex]

Thus the above is the correct answer.

Otras preguntas