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Social Science Clinic => Economics => Topic started by: Jkov05 on Apr 19, 2019

Title: The Earned Income Tax Credit is
Post by: Jkov05 on Apr 19, 2019

Question 1

Food stamps are


◦ only available to low-income families with children.
◦ fully funded through state tax revenues.
◦ vouchers that have a face value greater than their cost and that can be used to purchase food at grocery stores.
◦ bought and sold in a perfectly competitive market.

Question 2

The Earned Income Tax Credit is


◦ a non-refundable tax credit.
◦ available only to low-income families.
◦ a very simple program that is widely understood.
◦ only a small program and claimed by very few households annually.
Title: The Earned Income Tax Credit is
Post by: peilian on Apr 19, 2019

Answer 1

vouchers that have a face value greater than their cost and that can be used to purchase food at grocery stores.

Answer 2

available only to low-income families.
Title: The Earned Income Tax Credit is
Post by: Jkov05 on Apr 19, 2019
Thank you!
Title: The Earned Income Tax Credit is
Post by: peilian on Apr 19, 2019
Always glad to help...