PPT Slide

• Income Guarantee (B)
  • Benefit received if individual/family has no earned income.

• Benefit Reduction Rate (t)
  • Rate by which the benefit is reduced as income is increased.
    • At t=.50, benefits are reduced by $.50 for every dollar earned.

• Break-Even Level of Income (Yb)
  • The level of earned income at which the individual/family receives no benefit.

Income Maintenance Program Features

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