Asked by Jessica Colley on Apr 27, 2024
Verified
Statement I: The earned income tax credit is a form of redistributing income to the working poor.
Statement II: Although they are very visible,there are probably less than one million homeless people in the U.S.
A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.
Earned Income Tax Credit
A refundable tax credit for low- to moderate-income working individuals and families, particularly those with children.
Homeless People
Individuals who lack stable, permanent, and acceptable housing, often resulting in living in shelters, on the streets, or in places not meant for human habitation.
- Assess the effectiveness of non-cash benefits and tax credits in addressing poverty.
Verified Answer
CG
Chelsea Garito
Apr 28, 2024
Final Answer :
A
Explanation :
Statement I is true as the earned income tax credit is a program designed to provide assistance to low-income working families, which can be considered a form of redistributing income. However, statement II is false as the estimated number of homeless people in the U.S. is over 500,000, according to the Department of Housing and Urban Development (HUD). Therefore, choice A is the best answer.
Learning Objectives
- Assess the effectiveness of non-cash benefits and tax credits in addressing poverty.