In Choosing the "Best-Fitting" Line Through a Set of Points

question 27

Multiple Choice

In choosing the "best-fitting" line through a set of points in linear regression,we choose the one with the:

• A) smallest sum of squared residuals
• B) largest sum of squared residuals
• C) smallest number of outliers
• D) largest number of points on the line
• E) None of these options

Describe the conditions under which the earned income credit is available and how it's adjusted for inflation.

Determine qualifying expenses for education credits and how they are calculated.

Understand the criteria for qualifying individuals for the child and dependent care expenses credit.

Recognize the impact of AGI on the availability and amount of various tax credits including the retirement savings contributions credit.