Which of the Following Statements Is False Regarding the Earned

question 117

Multiple Choice

Which of the following statements is false regarding the earned income credit (EIC) ?

• A)Maximum amount of the credit depends on the earned income and number of children.
• B)The credit is refundable.
• C)If certain requirements are met,a taxpayer may receive advance payments of EIC.
• D)A taxpayer without children cannot claim the credit.

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Definitions:

Features and Benefits

Specific characteristics of a product or service (features) and how they provide value to the customer (benefits).

Pioneering

The act of being among the first to explore, discover, or use something new.

Competitive

Pertaining to a state or condition where businesses or individuals vie for the same customers or market share, often by offering superior values, quality, or innovation.

Product Advertisements

Marketing messages specifically designed to inform, persuade, or remind consumers about a particular product or brand.