Which of the Following Statements Concerning the Credit for Child

question 1

Multiple Choice

Which of the following statements concerning the credit for child and dependent care expenses is not correct?

• A) A taxpayer is not allowed both an exclusion from income and the credit for child and dependent care expenses on the same amount.
• B) A taxpayer is not allowed both a deduction as a medical expense and the credit for child and dependent care expenses on the same amount.
• C) If a taxpayer's adjusted gross income exceeds $43,000, the rate for the credit for child and dependent care expenses is 20%.
• D) If a taxpayer's adjusted gross income exceeds $15,000 but is not over $17,000, the rate for the credit for child and dependent care expenses is 35%.
• E) All of the above statements are correct.

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Definitions:

Unconscious Thought

Thoughts and processes that occur without an individual's aware perception, influencing actions and feelings.

Conditioned Stimulus

An initially neutral stimulus that becomes associated with an unconditioned stimulus to elicit a conditioned response after repeated pairings.

Conditioned Response

a learned response to a previously neutral stimulus that has become associated with an unconditioned stimulus.

Noise

Unwanted or disturbing sound that interferes with or diminishes clarity of auditory signals.