Round the Following Decimal to the Nearest Hundredth

question 64

Multiple Choice

Round the following decimal to the nearest hundredth. 584.872

• A) 585.0
• B) 584.87
• C) 584.873
• D) 584.88
• E) none of the above

Understand the implications of certain financial decisions (like taking distributions from education savings accounts) on eligibility for tax credits.

Understand and calculate the Earned Income Credit (EIC) for various scenarios.

Identify the requirements and calculate the Retirement Savings Contributions Credit.

Understand the child tax credit eligibility and calculate the credit for different family situations.

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Definitions:

HIPAA

The Health Insurance Portability and Accountability Act, a United States legislation that provides data privacy and security provisions for safeguarding medical information.

Explanation of Benefits (EOB)

A document provided by insurance companies to describe the costs covered for medical services rendered, and any patient responsibility.

Coinsurance Co-payment Amount

The portion of healthcare service costs that an insured person is responsible for paying, after the insurance has covered its share.

CMS-1500 Form

A standard form used by healthcare providers to submit insurance claims to Medicare and other health insurance providers.