Which of the following statements concerning the Earned Income Tax Credit (EITC)is false?
A)The EITC has significantly reduced official poverty rates in the U.S.since enacted in 1975
B)If a family's tax liability is less than its EITC,the family will receive a check for the difference from the IRS
C)The EITC is eventually phased out as family income increases
D)More than 20 million American households now claim the EITC on tax returns each year
E)None of the above

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements concerning the Earned Income Tax Credit (EITC)is false?
A)The EITC has significantly reduced official poverty rates in the U.S.since enacted in 1975
B)If a family's tax liability is less than its EITC,the family will receive a check for the difference from the IRS
C)The EITC is eventually phased out as family income increases
D)More than 20 million American households now claim the EITC on tax returns each year
E)None of the above

Which of the Following Statements Concerning the Earned Income Tax