The purpose of the Earned Income Tax Credit Program (EITC) is to
A. provide in-kind services such as food stamps and public housing to those individuals who have poor credit.
B. provide rebates of Social Security taxes to low-income workers.
C. encourage low- and moderate-income workers to take second jobs to increase their income.
D. give tax credits to low-income individuals who do volunteer work in their communities.
Answer: B
You might also like to view...
The market value of a bond is __________ related to the rate of interest
a. directly b. inversely c. exactly d. sometimes e. never
Structural unemployment is unemployment caused by:
A. temporary changes in jobs. B. discrimination. C. the time required to match employers and workers. D. a mismatch between worker skills and employer requirements.
A bank deposit in Germany denominated in euros is a Eurocurrency deposit.
Answer the following statement true (T) or false (F)
Which of the following is false?
a. Expansionary fiscal policy will tend to cause net exports to fall b. The larger the crowding out effect, the smaller the actual effect of a given change in fiscal policy. c. The crowding out effect does not occur with a tax change. d. Starting from an initial recession equilibrium, expansionary fiscal policy could potentially increase employment to the full employment level.