Individuals Without Children Are Eligible for the Earned Income Credit

question 108

Multiple Choice

Individuals without children are eligible for the earned income credit if they meet all the following conditions except

• A)file married filing separately.
• B)at tax year end are at least age 25 but not more than age 64.
• C)for the tax year are not a dependent of another taxpayer.
• D)the United States is their principal place of residence for more than one-half of the tax year.

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Definitions:

Systematic Risk

The inherent risk associated with the entire financial system or market, which cannot be eliminated through diversification.

Risk-Averse

A description of an investor or investment strategy that prioritizes the minimization of risk over potential returns.

Total Risk

Total risk encompasses all the various types of risk a business or investment might face, including both systematic and unsystematic risks.

Unsystematic Risk

A type of risk that is specific to a single company or industry, also known as diversifiable or idiosyncratic risk.