Final answer:
The Canada Child Benefit provides up to $6,833 per year for children under 6 and up to $5,765 for children aged 6 to 17, varying by family income and indexed annually. The U.S. Child Tax Credit provides up to $3,600 for children under 6 in Biden's American Rescue Plan, and the Earned Income Tax Credit gradually phases out to avoid a poverty trap.
Step-by-step explanation:
The Canada Child Benefit (CCB) is not accurately described by any of the options A, B, C, or D provided in the question. The correct amount for the Canada Child Benefit for children 6 and under is up to $6,833 per year, or approximately $569.41 per month. For children between 6 and 17, the amount is up to $5,765 per year, or around $480.41 per month. These amounts are indexed each year for inflation and can vary based on the family's income.
The U.S. expansion of the Child Tax Credit under the American Rescue Plan by President Joe Biden is different from the CCB and provides up to $3,600 per child under the age of 6, and an amount less than that for children older than 6. Additionally, the Earned Income Tax Credit is designed to help low to moderate-income workers and families get a tax break, which avoids the poverty trap by having a phase-out system so that not every additional $1 earned reduces government support by almost $1.