Two or More Events Are Said to Be Independent When

question 188

True/False

Two or more events are said to be independent when the occurrence of one event has no effect on the probability that another will occur.

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Definitions:

Child and Dependent Care Credit

A tax credit offered to taxpayers to offset some of the costs of care for a qualifying dependent or child, to allow the taxpayer to work or look for work.

Qualified Day Care Center

A childcare facility that meets specific regulatory standards and qualifications to be recognized for certain tax benefits.

Child and Dependent Care Expense Credit

A tax credit offered to taxpayers to offset costs for the care of children or dependents, to allow them to work or look for work.

Maximum Amount of Expenses

The highest allowable sum that can be counted as an expense for tax or budgetary purposes.