Question

The (1) (2) credit is available for individuals in any course of instruction to acquire or improve their job skills.

a) Child and Dependent Care
b) Lifetime Learning
c) Earned Income
d) Foreign Tax

Answer 1

The Lifetime Learning credit is available to individuals in any course of instruction to acquire or improve their job skills. This credit is part of the earned income tax credit (EITC) program, which aims to assist the working poor by making employment more financially rewarding and encouraging work.

Step-by-step explanation:

The (2) Lifetime Learning credit is available for individuals in any course of instruction to acquire or improve their job skills. This credit is part of the earned income tax credit (EITC) program, which was first passed in 1975 to assist the working poor through the tax system. The EITC is one of the largest assistance programs for low-income groups and provides a tax credit to eligible low-income wage earners to make employment more financially rewarding and incentivize work.