Concerning the Credit for Child and Dependent Care

question 124

Multiple Choice

Concerning the credit for child and dependent care
I.If a taxpayer's adjusted gross income exceeds $43,000, the child and dependent care credit rate is reduced to 20%.
II.No credit is allowed for expenses incurred outside the home.
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

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Definitions:

Black Protest Organization

Groups focused on advocating for the rights and well-being of Black individuals, often through demonstrations, advocacy, and public engagement.

Racial Domination

The systemic power and societal structures that establish and perpetuate the dominance of one racial group over others.

Civil Rights Act Of 1964

A landmark piece of federal legislation in the United States that outlawed discrimination based on race, color, religion, sex, or national origin.

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or gender.