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
Answer: B. It is possible that a taxpayer with more earned income may receive more credit than a taxpayer with less earned income