what is the best reason why someone would want to claim the earned income tax credit on their taxes? it…

what is the best reason why someone would want to claim the earned income tax credit on their taxes? it allows employers to know if they are paying you a living wage. it allows the government to know if your employer is paying a living wage. it reduces the amount of taxes that qualifying workers need to pay. it gives the government data on how to fund and support your community.

what is the best reason why someone would want to claim the earned income tax credit on their taxes? it allows employers to know if they are paying you a living wage. it allows the government to know if your employer is paying a living wage. it reduces the amount of taxes that qualifying workers need to pay. it gives the government data on how to fund and support your community.

Answer

Brief Explanations:

The Earned - Income Tax Credit (EITC) is a refundable tax credit for low - to moderate - income working individuals and families. Its main purpose is to reduce the tax liability of qualifying workers. It is not about employers knowing living wage, nor about the government knowing employer's living wage payments, and not mainly about community funding data.

Answer:

It reduces the amount of taxes that qualifying workers need to pay.