Why is earned income credit referred to as a negative income

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Reference no: EM13906073

1. Why is the earned income credit referred to as a negative income tax?

2. Under what circumstances can a college student qualify for the earned income credit?

3. How are business credits similar to personal credits? How are they dissimilar?

4. Is the foreign tax credit a personal credit or a business credit? Explain.

Reference no: EM13906073

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