Which of the Following Statements Concerning the Credit for Child

question 1

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 statements are correct.

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Definitions:

Mental States

Conditions of the mind that can affect thoughts, feelings, and behaviors, ranging from everyday mood fluctuations to more serious conditions.

Emotions

Complex psychological states that involve a physiological response and an expressive behavior due to certain stimuli.

Behaviours

The observable actions or reactions of humans or animals in response to external or internal stimuli.

Nativists

Philosophers or scientists who argue that certain skills or abilities are "native" or hard-wired into the brain at birth, contrasting with those who believe in the primacy of the environment (empiricists).