Bud and Stella Are Married,file a Joint Return,and Have One

question 60

Multiple Choice

Bud and Stella are married,file a joint return,and have one child,age 3.Their combined AGI is $35,000.Bud and Stella incur $3,500 of child care expenses during the current year.The child and dependent care credit is

• A)$600.
• B)$700.
• C)$750.
• D)$875.

---

Definitions:

Existential Intelligence

An aspect of intelligence involving the capacity to ponder profound questions about life, existence, and the cosmos.

Fluid Intelligence

Independent from known knowledge, the skill to apply logical thinking and resolve unfamiliar issues.

Crystallized Intelligence

The ability to use skills, knowledge, and experience, which tends to increase with age.

Interpersonal Intelligence

The ability to understand and interact effectively with others, often considered a key component of emotional intelligence.