The EITC Was Enacted in 1975 to Encourage

question 6

Multiple Choice

The EITC was enacted in 1975 to encourage

• A)businesses to hire the poor.
• B)women to work.
• C)businesses to hire women.
• D)the poor to work.

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Definitions:

General Partnership

A business arrangement where two or more individuals agree to share in all assets, profits, and financial and legal liabilities of a business.

Limited Liability

Limited liability is a legal structure where a company's owners are not personally liable for the company's debts or liabilities beyond their initial investment.

Debts

Money owed by one party, the borrower, to a second party, the lender; an obligation to pay back a borrowed sum with interest.

Management Compensation

The total remuneration, including salary, bonuses, and benefits, given to executives and managers in a company.