A tax credit
A. is not the same as a tax deduction.
B. is another phrase for a tax deduction.
C. is never calculated on federal tax returns.
D. only applies to the EITC.
A. is not the same as a tax deduction.
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Which of the following statements are correct about the age-earnings cycle?
A. Since every person is different we can reach no general conclusions about the age-earnings cycle. B. Earnings increase throughout a prison's lifetime until they reach retirement. C. Earnings increase with age because workers become more productive as they age until around 50 years. Around 50 the effects of aging outweighs the further increases in productivity. D. Earnings generally increase up till age 30 and then steadily decrease.
Which of the following groups receives the highest wages?
A) high school drop-outs B) college drop-outs C) individuals who complete a bachelor's degree program D) individuals with advanced degrees
Transfer payments are included in government budgets as spending, but are not included in the government purchases category of GDP
a. True b. False
The CPI is a measure of the overall cost of
a. the inputs purchased by a typical producer. b. the goods and services purchased by a typical consumer. c. the goods and services produced in the economy. d. the stocks on the New York Stock Exchange.