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Kevin and Shuang Have Two Children, Ages 8 and 14

question 12

Multiple Choice

Kevin and Shuang 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 Shuang earned a salary of $18,000.What is the amount of the couple's credit for child and dependent care expenses?


Definitions:

Agricultural Products

Products stemming from the practice of agriculture, such as crops and animal products, which can be used for food, fuel, and raw materials.

Spending

The act of using money to purchase goods or services, contributing to economic activity.

Food Purchases

Transactions involved in acquiring food products for consumption, influenced by prices, income, preferences, and availability.

Farm Products

Agricultural commodities that include a variety of food items, raw materials, and livestock produced by farming activities.

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