Explain What Means-Tested Programs Are and How They Affect the Poverty

question 141

Essay

Explain what means-tested programs are and how they affect the poverty rate in the United States.

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Definitions:

Base Amount

Refers to a reference value used in calculations, often determining thresholds or limits in tax and financial contexts.

Credit Calculation

Credit calculation involves determining the amounts for tax credits a taxpayer is eligible for, which can directly reduce the amount of taxes owed.

Education Credits

Tax credits designed to offset the costs of education for college or vocational school tuition and fees.

Criteria

Criteria are standards or principles by which something is judged or decided.