In benefit cliff discussion: program provides $6,600 of benefits to a family with two kids, one und age 6. Benefits begin to phaseout at $150K, and are completely phased out at $400K. How much benefit will the household receive if their earnings are 350K? $ Earnings benefits $400,000 $150,000 Earnings + Benefits

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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In benefit cliff discussion: program provides $6,600 of benefits to a family with two kids, one under
age 6. Benefits begin to phaseout at $150K, and are completely phased out at $400K.
How much benefit will the household receive if their earnings are 350K?
$ Earnings
benefits
$400,000
$150,000
$6,600
Below $6,600
Above $6,600
$150,000
$6,600
Earnings + Benefits
Earnings
Benefits
Work
Transcribed Image Text:In benefit cliff discussion: program provides $6,600 of benefits to a family with two kids, one under age 6. Benefits begin to phaseout at $150K, and are completely phased out at $400K. How much benefit will the household receive if their earnings are 350K? $ Earnings benefits $400,000 $150,000 $6,600 Below $6,600 Above $6,600 $150,000 $6,600 Earnings + Benefits Earnings Benefits Work
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