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Kevin and Sue have two children, ages 8 and 14.They spend $6,200 per year on eligible employment related expenses for the care of their children after school.Kevin earned a salary of $20,000 and Sue earned a salary of $18,000.What is the amount of the credit for child and dependent care expenses?
Opportunity Cost
The cost of forgoing the next best alternative when making a decision, representing the benefits one could have received by taking a different decision.
Attending College
The act of enrolling in and going to a college or university to pursue higher education.
Short-Run Effects
Immediate or temporary outcomes of a policy or economic change that manifest before long-term adjustments can take place.
Quantity Of Money
The total amount of money (cash, coins, and bank deposits) in circulation within an economy.
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