Concerning the Credit for Child and Dependent Care

Multiple Choice

Concerning the credit for child and dependent care
I.If a taxpayer's adjusted gross income exceeds $43,000, the child and dependent care credit rate is reduced to 20%.
II.No credit is allowed for expenses incurred outside the home.
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A) Only statement I is correct.
B) Only statement II is correct.
C) Both statements are correct.
D) Neither statement is correct.