Equity Is

question 3

Multiple Choice

Equity is:

• A) the amount of claim an owner has on an asset.
• B) how rich someone is.
• C) the difference between assets and liabilities.
• D) all of the above.

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Definitions:

Dependent Care Expenses

Costs related to the care of dependents, such as children or elderly family members, that can sometimes qualify for tax deductions or credits.

Qualifying Individuals

People who meet specific criteria set by laws or programs, often regarding tax benefits, social services, or other legal contexts.

Dependent Care

Expenses related to the care of dependents, like children or elderly, which can be eligible for tax credits or deductions.

Qualifying Individual

A person who meets specific requirements set by a legal system or government program, often for tax purposes or eligibility for benefits.