Question

1) John participates in a welfare program which pays him $6,000 dollars. He can work but...

1) John participates in a welfare program which pays him $6,000 dollars. He can work but he hose 50 cents of the welfare check for every dollar he earns over $5,000. How much wage income will he have to earn to escape poverty if the poverty line for him is $17,000 per year?

A) $14,000 B) $17,000 C) $11,000 D) $12,000

2) John Doe participates in a welfare program which pays him $6,000 dollars. He can work but he loses 50 cents of the welfare check for every dollar he earns over $5,000, if John wants to live on more than $11,000 per year and he can find a minimum wage job for $8.00/hour, what is his effective wage that he would consider when deciding whether or not to work?

A) $0/hr. B) $4/hr. C) $8/hr. D) $17,000 divided by 2000 hours in a year = $8.5.

Please answer all of the questions

Homework Answers

Answer #1

1)

Welfare program pays him $6000

a) If earning 14000 it means 14000-5000=9000 is above $5000 cap.

He will lose .5 dollar for every dollar earn from paycheck. Hence 9000x0.5=4500 is loss

hence Check he receives = 6000-4500 = $1500

Total earning = 14000+1500=15500 not enough to escape poverty line

b) Earning 17000 it means above earning $5000 cap is 17000-5000=12000

losing 0.5 dollar for every dollar hence 12000x0.5=$6000

paycheck = 6000-6000=$ 0

Hence Must earn 17000 to escape poverty line

2) Question is not clear post once again

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT