The Credit for Child and Dependent Care Expenses Is an Example

question 20

True/False

The credit for child and dependent care expenses is an example of a refundable credit.

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Definitions:

Probability

The quantification of the probability that an event will happen, represented by a number ranging from 0 to 1, with 0 signifying an impossible event and 1 signifying a certain event.

Income

The money received by a person or organization, typically on a regular basis, for work, through investments, or from other sources.

Expected Value

A calculated measure reflecting the average outcome of a random event when considering all possible outcomes and their probabilities.

Risk Averter

An individual who prefers to avoid risk, often choosing investments or decisions that have lower potential rewards but also less uncertainty.