Rosa and Jonathan have two children and earn $42,000 a year. What federal tax credit would they probably qualify?

Question

Quizplus · Accepted Answer

The Earned Income Tax Credit (EITC) is a federal tax credit designed to help low to moderate-income working individuals and families. Since Rosa and Jonathan have two children and earn $42,000 a year, they would likely qualify for the EITC. The AFDC (Aid to Families with Dependent Children) is an outdated program that no longer exists. The SNAP (Supplemental Nutrition Assistance Program) is a program that helps low-income individuals and families with food assistance, but it is not a tax credit. The EHUD (Department of Housing and Urban Development) is a government agency that provides affordable housing solutions for low-income individuals and families, but it is not a tax credit.

Rosa and Jonathan Have Two Children and Earn $42,000 a Year