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Business, 31.12.2020 19:00 kaileyy06

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. This program would reduce the incentive to work to earn any wage up to $25,000.
b. The government is effectively taxing every dollar earned up to $25,000 at a rate of 100%.
c. If workers are discouraged from working due to this program, they will miss any on-the-job training that would have otherwise occurred, limiting their ability to improve their skills.
d. All of the above are correct.

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