Which of the Following Statements Regarding the Child Tax Credit

question 67

Multiple Choice

Which of the following statements regarding the child tax credit is false?

• A)The child for whom the credit is claimed must be under the age of 15 at the end of the year.
• B)The credit is subject to phase-out based on the taxpayer's AGI.
• C)The full credit for a child who qualifies is $2,000.
• D)The child for whom the full credit is claimed must meet the definition of a qualifying child.

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Definitions:

McClelland's Three-Need Theory

A motivational theory which states that the needs for achievement, power, and affiliation are key drivers of human behavior.

Need For Achievement

A psychological drive that motivates individuals to strive for success and excellence.

Need For Affiliation

A person's desire to form and maintain strong relationships, be part of a group, and feel connected to others.

Need For Affiliation

An individual's desire to build relationships and feel part of a group, important for understanding motivation and behavior in social settings.