Which of the following statements is not true regarding the credit for the elderly or the disabled?
A) Base amount for the credit calculation for joint returns is $5,000.
B) Base amount for the credit calculation for a joint individual where only one spouse qualifies is $5,000.
C) Base amount for the credit calculation for a single individual is $5,000.
D) The maximum allowable credit is based on 15% of the taxpayer's base amount.
Correct Answer:
Verified
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