Examlex
Match the options below with the correct phrase:
-balance sheet
AGI
Adjusted Gross Income, which is gross income minus adjustments; a key measure used to determine tax liabilities and eligibility for credits.
EIC
Earned Income Credit; a refundable tax credit in the U.S. for low to moderate-income working individuals and families, particularly those with children.
Qualifying Children
are dependents who meet certain conditions regarding relationship, age, residency, and support, affecting tax benefits.
AGI
Adjusted Gross Income, which is gross income minus specific deductions, used to calculate an individual's tax liability.
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