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

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Definitions:

Critical Thinking Skills

The ability to actively and skillfully conceptualize, apply, analyze, synthesize, and/or evaluate information gathered from observation, experience, reflection, reasoning, or communication.

Nursing Diagnoses

A clinical judgment about individual, family, or community responses to actual or potential health problems/life processes.

Nursing Process

A systematic, problem-solving approach used in nursing practice, involving assessment, diagnosis, planning, implementation, and evaluation to provide effective patient care.

Subjective Data

Information gathered from patient statements; the patient's feelings and perceptions. Not verifiable by another except by inference.