Robert is a widower raising 5 year old twin boys. In 2013, after the plant where he had worked for 10 years shut down, he was able to obtain part-time work that paid him $13,000.00 a year. He receives the earned income tax credit. If Robert receives a raise, so that he will earn
$16,350, the earned income credit will be
A) reduced by 21 cents per dollar.
B) reduced by 25 cents per dollar.
C) phased out completely.
D) will not be reduced.
Correct Answer:
Verified
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