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.

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Definitions:

EEOC

Equal Employment Opportunity Commission, a U.S. federal agency that administers and enforces civil rights laws against workplace discrimination.

Disparate Treatment

Refers to unequal behavior towards an individual or group based on protected characteristics such as race, age, or gender, violating anti-discrimination laws.

Title VII

A section of the Civil Rights Act of 1964 prohibiting employment discrimination based on race, color, religion, sex, or national origin.

Basis of Race

A consideration or judgement made regarding individuals or groups specifically related to their racial background.