Examlex
Database systems maximize ________.
Earned Income Credit
A tax credit that can be refunded to individuals and families with low to moderate income who work, particularly beneficial for those with children.
Retirement Savings Contributions Credit
A tax credit offered to low and moderate-income individuals and families who contribute to retirement accounts.
AGI
The total income minus allowable deductions, serving as a crucial metric for determining taxable income and eligibility for various tax benefits.
IRA
Individual Retirement Account, a tax-advantaged investing tool for individuals to earmark funds for retirement savings.
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