Which of the following statements regarding the earned income credit is True?
A) It is a nonrefundable credit.
B) It is possible that a taxpayer with more earned income may receive more credit than a taxpayer with less earned income.
C) A 70-year-old taxpayer with no dependents can qualify for the credit in certain circumstances.
D) A taxpayer whose only source of income is interest from corporate bonds is eligible for the credit.
Correct Answer:
Verified
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