Which of the Following Individuals or Couples Qualify for the Child

question 111

Multiple Choice

Which of the following individuals or couples qualify for the child and dependent-care credit?
I.Lois is single and earns $45,000 for the year. She pays $2,600 in child-care costs for her 8-year-old daughter.
II.Patrick and Carol are married and together they earn $67,000 ($42,000 and $25,000 respectively) . They pay $5,000 in child-care costs for their twin boys, age 11.
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

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Definitions:

Cultural Context

The environment of social behaviors, traditions, and beliefs that surround a particular subject or community.

Sequence

A specific order in which events, movements, or things follow each other.

Chronological Context

The sequence of events in time, providing a framework for understanding the historical or temporal setting.

Compliment

A polite expression of praise or admiration.