Concerning the Credit for Child and Dependent Care

question 97

Multiple Choice

Concerning the credit for child and dependent care
I.If a taxpayer's adjusted gross income does not exceed $43,000, the child and dependent care credit rate is 30%.
II.Expenditures qualifying for credit can exceed the earned income of the taxpayer.
​

• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

---

Definitions:

CHG Solution

Chlorhexidine Gluconate solution, an antiseptic used for cleaning skin before surgery or injections to prevent infection.

Perineal

Relating to the perineum, the area between the anus and the genitals, often referenced in medical and health contexts.

Perineum

The area between the anus and the genitals, both in males and females.

Radiation Therapy

A treatment method that uses high doses of radiation to kill cancer cells and shrink tumors, often used in cancer care.