Examlex
Match each item with the correct statement below.
-Used to establish a communication channel between two modems
Child Tax Credit
A tax benefit offered to taxpayers for each qualifying child, aimed at reducing the tax liability and potentially increasing the tax refund.
AGI
Adjusted Gross Income, which is gross income minus certain adjustments, used as a baseline for calculating taxes owed.
Married Filing Joint
A tax filing status for married couples who choose to file a single tax return jointly, combining their incomes, exemptions, deductions, and credits.
Earned Income Credit
A refundable tax credit for low- to moderate-income working individuals and families, especially those with children.
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