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Consider a worker who has small children. All of the following are effects of child care expenses except:
Income
Earnings received by an individual or entity, including wages, salaries, investments, and other forms of compensation, which are subject to tax.
Schedule B
A section of IRS tax forms for reporting interest and dividend income.
Interest Income
Income earned from various forms of investments that pay interest, such as savings accounts, CDs, and government bonds, subject to income tax.
Dividend Income
Income received from owning shares in a corporation, typically paid out from the corporation's profits.
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