Which Statement Is NOT True About the Structure of the Earned

question 33

Multiple Choice

Which statement is NOT true about the structure of the Earned Income Tax Credit (EITC) ?

• A) Up to a threshold,EITC pays a certain fixed percent of wage earned.
• B) EITC pays a fixed amount at a range of income.
• C) At a particular range of income,government reduces EITC payments based on a lower fixed percent of income earned.
• D) EITC payments decrease as earnings increase,but everyone qualifies for some amount.

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Definitions:

Janitorial Department

A dedicated team or sector within an institution tasked with the upkeep, sanitation, and general maintenance of buildings.

Square Footage

A measure of area used to determine the size of a space, typically associated with property or building dimensions.

Direct Method

An approach to calculating cash flows from operating activities that involves listing all major operating cash receipts and payments.

Cafeteria Department

A division within an organization that manages the provision of food services to employees.