Question

Under TANF your state provides an income guarantee of $5,000 and a benefit reduction rate of 40%. Cleopatra can work up to 2,000 hours per year at a wage of $10 per hour. What is the total income of Cleopatra if she works 300 hours per year? None of the answers are correct. ? $7,000 ? $10,000 ? $15,000 ? $5,000

          Under TANF your state provides an income guarantee of $5,000 and a benefit reduction rate of
40%. Cleopatra can work up to 2,000 hours per year at a wage of $10 per hour. What is the total
income of Cleopatra if she works 300 hours per year?
None of the answers are correct.
? $7,000
? $10,000
? $15,000
? $5,000

Under TANF your state provides an income guarantee of 5,000 and a benefit reduction rate of
40%. Cleopatra can work up to 2,000 hours per year at a wage of $10 per hour. What is the total
income of Cleopatra if she works 300 hours per year?
None of the answers are correct.
?7,000
? 10,000
?15,000
? 5,000

Added by Ryan W.

Principles of Economics

Gregory Mankiw 8th Edition

Instant Answer

Solved by Expert Lauren Shelton

05/16/2022

Step 1

Cleopatra earns $10 per hour and works 300 hours per year, so her total income from working is 10 * 300 = $<<10*300=3000>>3000. Show more…

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Under TANF your state provides an income guarantee of $5,000 and a benefit reduction rate of 40%. Cleopatra can work up to 2,000 hours per year at a wage of $10 per hour. What is the total income of Cleopatra if she works 300 hours per year? None of the answers are correct O$7,000 O$10,000 O $15,000 O$5,000