The Earned Income Tax Credit

Name: The Earned Income Tax Credit
Brand: Quizplus
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The Earned Income Tax Credit is a tax credit aimed specifically at helping low-income working families. It provides a financial boost to these families by reducing their tax burden and often results in a refund. The EITC is a separate policy from the minimum wage, which is a mandated wage floor for workers. While both policies aim to help low-income individuals and families, they work in different ways.