Suppose you are a married person with one child but your whole family earns less than $20,000 a year. Which of the following will supplement your income?
A) Federal Insurance Contribution Act
B) alternative minimum tax
C) Social Security
D) Earned Income Tax Credit

Question

Quizplus · Accepted Answer

The Earned Income Tax Credit (EITC) is a tax benefit for low to moderate-income working individuals and couples, particularly those with children. As a married person with one child earning less than $20,000 a year, you may be eligible for the EITC which can provide you with a tax refund even if you do not owe any taxes. The other options listed (Federal Insurance Contribution Act, alternative minimum tax, and Social Security) do not directly supplement income for low-income households.

Suppose You Are a Married Person with One Child but Your