Which of the Following Is a Refundable Credit

question 124

Multiple Choice

Which of the following is a refundable credit?

• A)Foreign tax credit (FTC).
• B)Lifetime learning credit.
• C)Earned income credit (EIC).
• D)Child and dependent care expenses credit.

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Definitions:

Indirect NCI

Non-controlling interests (NCI) held by an entity indirectly through its control over intermediaries, reflecting a minority stake in the subsidiaries of the group.

Pre-acquisition Equity

Equity interest in a company that exists before a new acquisition or investment is made.

Sub-subsidiaries

Entities that are controlled by a subsidiary of a parent company, thus being one level below subsidiaries in the ownership hierarchy.