Max and Alexandra Are Married and Incur $5,500 of Qualifying

question 88

Multiple Choice

Max and Alexandra are married and incur $5,500 of qualifying expenses to care for their two children,ages 2 and 5.Max's earned income is $35,000 and Alexandra's earnings from a part-time job are $5,000.What is the amount of the qualifying expenses for purposes of computing the child and dependent care credit?

• A)$3,000
• B)$5,000
• C)$5,500
• D)$6,000

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Definitions:

Corporate Social Responsibility

The practice of companies taking responsibility for the impact of their operations on social, environmental, and economic factors.

Performance Reports

Documents that compare actual results against planned objectives, highlighting variances and performance issues for management review.

Corporate Social Responsibility

A business model that helps a company be socially accountable—to itself, its stakeholders, and the public.

Stakeholders

Individuals or organizations directly or indirectly affected by the activities and performance of a business.