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Question One The break even level of a family of four under the proposal for a negative income tax that grants each person $3,000 annually -- regardless of his or her age -- is $48,000. This figure was derived partly from information that states that the transfers will be phased out at a rate of 25% as earned income increases (Hyman, 2011). Were an individual in such a family to earn $12,000, that amount multiplied by .25 would equal $3,000 dollars -- which is the break even point. Since there are four people in the family, four times that $12,000 is $48,000 -- which would be the break even point for the entire family. Plotting disposable income as a function of earned income for a situation in which all families above the break even level of income pay a 25% tax on their earnings would require putting the annual disposable income on the x axis and annual earned income on the y axis. The line would be at approximately...
The principle cost associated with this plan is that not all people in a four person family (such as infants) are able to earn money. Therefore, the adults would have to make a substantial amount of money before they reach the breaking point in some instances.
Question Two The needy mother in question would have to work 5.97 hours (approximately 6 hours) per day before her benefits are eliminated. This figure is derived by calculating the fact that for every dollar after 4 dollars a day that she earns, the authorities are subtracting 67 cents (Hyman, 2011). Since the mother is working at a rate of 4 dollars an hour, the authorities are subtracting $2.68 for each hour after the first one that she works each day. $2.68 multiplied by 5.97 hours would completely delete her $12 benefits a day. That 5.97 hours also takes into account the first $4 each day she is allowed to earn without losing any benefits. If one assumed that her indifference curves for work and leisure are convex, her equilibrium allocation of time between work and leisure each day would be at approximately midway on the vertical axis of the graph, and about two thirds of the way on the horizontal axis of the graph. It is possible to have more than one most preferred…
Figure 2: Dell Inc. Marketing and Manufacturing Process Integration Based on analysis of Sources: (Kapuscinski, Zhang, Carbonneau, Moore, Reeves, 2004) (Gunasekaran, Ngai, 2009) (Bilek, 2010) Discussion of Current Business Issues Today Dell suffers from not having enough insight into the most critical customer relationships necessary to grow its emerging virtualization and Cloud computing businesses, as the company's approach to managing by technology instead of customers created a very myopic mindset. The transition from being
For a Catholic salvation without God or Christ is unthinkable. Admittedly, this is a comparison of two outwardly very different religious structures and cultures but it serves to illustrate the fact that important differences do occur and this can also be applied to other more homogenous religious groupings. While one may add dozens of similar examples of fundamental differences between religions, at the risk of over-simplification one could also assert
The subjects were 613 injured Army personnel Military Deployment Services TF Report 13 admitted to Walter Reed Army Medical Center from March 2003 to September 2004 who were capable of completing the screening battery. Soldiers were assessed at approximately one month after injury and were reassessed at four and seven months either by telephone interview or upon return to the hospital for outpatient treatment. Two hundred and forty-three soldiers
I thought of the millions of people living their lives and looking at watches and clocks. I could not help thinking that one day my life would end and I began to think about those people who had passed on form this life. A picked up the watch and placed it on my arm. I tightened the strap and the watch no longer felt strange or irritating. I looked a
" "We tried to call you." "Why didn't you return my call?" For some reason, not for lack of trying, I nearly always forget to charge my cell phone. It is not that I am anti-technology. I spend too much time on my computer and Internet. There is something psychologically taking place with me and that cell phone. And, it gets me into trouble. When I need to make a
Pedagogic Model for Teaching of Technology to Special Education Students Almost thirty years ago, the American federal government passed an act mandating the availability of a free and appropriate public education for all handicapped children. In 1990, this act was updated and reformed as the Individuals with Disabilities Education Act, which itself was reformed in 1997. At each step, the goal was to make education more equitable and more accessible to