Characterize EACH of the Three Given Statements as Being TRUE

question 50

Multiple Choice

Characterize EACH of the three given statements as being TRUE or FALSE and then indicate the collective true-false status of the statements using the choices: (1) In the notation 2H₂O, the 2 out in front is called a coefficient.
(2) Atomic masses and formula masses are specified using the same units.
(3) In a formula-based "grams of A to grams of B" problem, molar masses are needed in each of the first two conversion factors.

• A) All three statements are true.
• B) Two of the three statements are true.
• C) Only one of the statements is true.
• D) None of the statements is true.

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Definitions:

AGI

Adjusted Gross Income, which is total income adjusted by certain allowable deductions, serving as the base for calculating taxable income.

Qualifying Expenses

Expenses that are determined to be necessary and deductible under tax law for various benefits like education savings accounts or business expenses.

Child and Dependent

Terms used in tax law to refer to individuals for whom the taxpayer provides more than half of financial support, qualifying the taxpayer for certain deductions.

Care Expense Credit

A tax credit available for expenses incurred in caring for a qualifying individual to allow the taxpayer to work or look for work.