Social considerations can be used to justify:
A)Allowance of a credit for child care expenses.
B)Allowing excess capital losses to be carried over to other years.
C)Allowing accelerated amortization for the cost of installing pollution control facilities.
D)Allowing a Federal income tax deduction for state and local sales taxes.
E)None of these.

Question

Quizplus · Accepted Answer

Allowing a credit for child care expenses can be justified on social considerations as it helps in supporting working parents and improving access to child care services, thereby promoting workforce participation and economic growth.

Social Considerations Can Be Used to Justify