Which of the Following Individuals or Couples Qualify for the Child

question 58

Multiple Choice

Which of the following individuals or couples qualify for the child and dependent-care credit? Jeff and Marion are married with 2 children ages 5 and 7. Jeff earns $57,000 and Marion is I. II. a part-time graduate student at the local university and also works as a volunteer for the local hospital. When Marion is in class or working as a volunteer, they hire their neighbor to care for the children. During the year they paid $1,200 to their neighbor. Michael is single and earns $75,000. Michael pays $10,000 for a nurse to help care for his father who is disabled and lives with him. Michael is entitled to the dependency exemption for his father.

• 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:

Unconscious Retention

The process of storing information without conscious awareness, which can influence behaviors and attitudes.

Declarative Memory

A type of long-term memory that involves the conscious recall of facts and events.

Explicit Memory

A type of long-term memory that involves conscious recollection of factual information, previous experiences, and concepts.

Flashbulb Memory

A highly detailed and vivid memory of an emotionally significant moment or event.