Which of the Following Statements Concerning the Credit for Child

question 22

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 are correct.

---

Definitions:

Null Hypothesis

A default hypothesis that there is no effect or difference, and any observed change in the data is due to random chance.

Confidence Interval

An interval estimate of a population parameter that provides a range of values which is likely to include the parameter of interest.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, describing how much individual data points differ from the mean.

Sample Mean

The average of a set of numerical values drawn from a sample of a population, used as an estimate of the population mean.