During 1971-1998, the New _____ and Greatly Expanded EITC Created

question 42

Multiple Choice

During 1971-1998, the new _____ and greatly expanded EITC created a motivation for the low-earning households to file returns when they were not legally required to do so.

• A)Child Tax Credit
• B)Working Tax Credit
• C)Earned Income Credit
• D)Retirement Savings Credit

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Definitions:

UCC Specifications

Standards and rules developed under the Uniform Commercial Code that govern commercial transactions within the United States.

Non-Delivery

The failure to deliver goods or services as agreed upon in a contract.

Impracticable

A situation or task that is impossible to carry out or accomplish due to practical limitations.

Reasonable Commercial Standards

The accepted norms and practices within a specific industry that are considered fair and appropriate.