Which of the Following Statements Regarding the Child and Dependent

question 59

Multiple Choice

Which of the following statements regarding the child and dependent care credit is false?

• A)Taxpayers may claim a credit for only a portion of qualifying dependent care expenditures.
• B)If a taxpayer's income is too high, she will be ineligible to claim any child and dependent care credit.
• C)A single taxpayer must have earned income to claim any child and dependent care credit.
• D)A taxpayer is not eligible to claim the dependent care credit if any dependent relative provides the carE.The dependent care credit is not fully phased out no matter the taxpayer's income level.

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Definitions:

Strongest Relationship

The most intense or durable bond between individuals, often characterized by mutual respect, trust, and understanding.

Variables

Elements, features, or factors that are likely to vary or change within the context of a scientific study or experiment.

Correlation Coefficient

A statistical measure that calculates the strength of the relationship between the relative movements of two variables. The values range between -1.0 and 1.0.

Calculation Error

A mistake made during the process of calculating, which can result in an incorrect outcome or answer.