Which one of the following statements is correct with regard to the earned income credit?

The...

Question

Which one of the following statements is correct with regard to the earned income credit?

The credit is available only to those individuals whose earned income is equal to adjusted gross income.
For purposes of the earned income test, “earned income” includes workers’ compensation benefits.
The credit can result in a refund even if the individual had no tax withheld from wages.
The credit is available on a tax return that covers less than twelve months.

Robert · Accepted Answer

Earned Income Credit is tax credit for a certain person who has earned income less than $ 
53,267. Earned income credit reduces the tax payable amount. 
Options: 
1. The credit is available only to those individuals whose earned income is equal to adjusted gross 
income 
Wrong.

Which one of the following statements is correct with regard to the earned income credit? The credit is available only to those individuals whose earned income is equal to adjusted gross income. For...

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