The Earned Income Credit Is Adjusted Each Year for Inflation

question 98

True/False

The earned income credit is adjusted each year for inflation.

---

Definitions:

State Regulatory Agency

A governmental agency at the state level responsible for the oversight, regulation, and enforcement of specific laws within various sectors, including finance, health, and utilities.

Dodd-Frank Act

A comprehensive set of financial regulations passed in 2010 in the United States, aimed at preventing the recurrence of financial crises by increasing transparency and accountability in the financial system.

Financial Companies

Businesses that provide financial services to commercial and retail customers, such as banks, investment companies, insurers, and loan providers.

Interest Rate

The percentage of a sum of money charged for its use, typically expressed as an annual rate.