Earned Income Tax Credit (EITC)

Earned Income Tax Credit (EITC),

Earned Income Tax Credit (EITC) Definition:

Definition of Earned Income Tax Credit (EITC): Refundable tax credit for eligible low-income workers is subject to calculation based on eligible children and progressive and progressive income levels.

Literal Meanings of Earned Income Tax Credit (EITC)

Earned:

Meanings of Earned:
  1. Receive (money) for work or services.

Sentences of Earned
  1. I earn £ 10 an hour at the store.

Synonyms of Earned

be paid, receive a salary of, take home, take home earnings of, gross

Income:

Meanings of Income:
  1. Regular payments are made for work or through private investment.

Sentences of Income
  1. Have a nice home and a good income

Synonyms of Income

earnings, salary, pay, remuneration, wages, stipend, emolument

Tax:

Meanings of Tax:
  1. Mandatory contribution to state revenue that the government collects for workers' income and company profits or increases the cost of certain goods, services and transactions.

  2. Strict restrictions or demands.

  3. Increase taxes (on anything else)

  4. Demanding (a person's power or resources)

  5. Fight someone's fault or guilt.

  6. Investigation and evaluation (case cost)

Sentences of Tax
  1. Higher taxes will reduce consumer spending

  2. Heavy tax on reader's attention

  3. Hardware and software are subject to a 5 7.5 fee

  4. He knew that the next test would force all his strength

  5. Why are you accusing me of this meaningless accusation?

  6. Tax agents

Synonyms of Tax

levy, tariff, duty, toll, excise, impost, contribution, assessment, tribute, tithe, charge, fee, burden, load, weight, encumbrance, demand, strain, pressure, stress, drain, imposition, levy a tax on, impose a toll on, charge duty on, exact a tax on, demand a tax on, stretch

Credit:

Meanings of Credit:
  1. A customer's eligibility to receive advance goods or services is based on the belief that payment will be made in the future.

  2. Public praise or appreciation, usually given or received when someone is responsible for an action or idea or becomes clear.

  3. Confirmation is that the student has completed a course or activity that counts for the declared diploma or diploma in the school records.

  4. Publicly acknowledge that anyone is involved in its production (anything to be published or broadcast).

Sentences of Credit
  1. Columns must be included on each page and the total cost must be equal to the total credit

  2. The president claims to have acknowledged all the achievements

Synonyms of Credit

financial standing, financial status, solvency, praise, commendation, acclaim, approval, approbation, acknowledgement, recognition, kudos, hat tip, glory, merit, regard, esteem, respect, admiration, adulation, veneration

EITC:

Meanings of EITC:
  1. Earned Income Tax Credit, introduced in 1975 in the United States.

Earned Income Tax Credit (EITC),

How Do You Define Earned Income Tax Credit (EITC)?

  • Transferable tax credits for low-income and skilled workers who are subject to eligible child-based commissions and gradually increase and eliminate income levels.

Literal Meanings of Earned Income Tax Credit (EITC)

Earned:

Sentences of Earned
  1. I work in a shop and earn 10 an hour.

Synonyms of Earned

obtain, pocket, pull in, rake in, net, bring in, bank, make, get, collect, clear, draw, haul in, bag

Income:

Meanings of Income:
  1. As usual for funds, especially work or investment.

Synonyms of Income

receipts, turnover, dividend, yield, revenue, gains, means, profits, takings, proceeds, money received, incomings

Tax:

Meanings of Tax:
  1. Mandatory contribution to government revenue, which is taxed by the government on workers' income and company profits, or is included in the cost of certain goods, services and transactions.

  2. Make big demands on (someone's power or resources).

  3. Testing and review (case costs)

Sentences of Tax
  1. Overload the reader's attention.

  2. Income is taxed at the highest rate.

  3. He knows that in the next test he will have to do his best.

Synonyms of Tax

condemn, wear out, overwork, onus, put a strain on, fatigue, push too far, confront, weigh down, indict, dues, push, weary, make demands on, overwhelm, responsibility, arraign, mulct, incriminate, encumber, bring charges against, censure, sap, task, accuse, tire

Credit:

Meanings of Credit:
  1. The customer's ability to receive goods or services before payment based on the belief that payment will be made in the future.

  2. An entry that records the amount received is entered to the right or column of the account.

  3. Identification of the completion of the course or activity by the student, who is given credit for the degree or diploma mentioned in the school report.

  4. Reliable or reputable quality.

  5. The audience recognizes a role in the production (something that is published or broadcast).

  6. Add (an amount of money) to the account.

  7. Believe it or not (something surprising or impossible)

Sentences of Credit
  1. The column must be included and the debit amount must be equal to the credit amount.

  2. The Prime Minister immediately asks for a tax credit.

Synonyms of Credit

line, count on, appreciation, eulogium, put down, depend on, thanks, connect with, go for, attribute, and sinker, have confidence in, extolment, tributes, rely on, brownie points, buy, lay at the door of, have faith in, believe, impute, laudation, chalk up, assign, trust, give credence to, fall for, accredit, stick something on

EITC:

Meanings of EITC:
  1. The Income Tax Credit was introduced in the United States in 1975.