Which of the Following Statements Regarding the Child and Dependent

question 128

Multiple Choice

Which of the following statements regarding the child and dependent care credit is true?

• A)A married couple must file jointly to claim the credit.
• B)A taxpayer may claim a credit for dependent care expenses for a dependent who is 14 years old or older but only if the dependent lives in the taxpayer's home for the entire year.
• C)All else equal, a taxpayer making qualifying expenditures for three children may claim more dependent care credit than a taxpayer making (the same amount of)qualifying expenditures for two children.
• D)None of these statements are true.

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Definitions:

Prozac

A brand name for fluoxetine, a selective serotonin reuptake inhibitor (SSRI) used to treat depression and other mood disorders.

Reabsorption

The process by which the kidneys filter the blood, reabsorbing what the body needs and excreting the rest.

Serotonin

A neurotransmitter involved in the regulation of mood, appetite, and sleep, and implicated in depression when levels are insufficient.

Tardive Dyskinesia

A neurological disorder characterized by involuntary, repetitive body movements, often resulting from long-term use of antipsychotic medication.