Which of the Following Is False Regarding Dependent-Care Expenses

question 75

Multiple Choice

Which of the following is false regarding dependent-care expenses?

• A)Up to $5,000 of reimbursed expenses can qualify.
• B)Employers may discriminate among employees.
• C)Dependent children under 13 qualify.
• D)Spouses who are physically or mentally unable to care for themselves qualify.

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Definitions:

Liabilities

Financial obligations or debts owed by a person or business to others, which must be settled over time through the transfer of economic benefits.

Hybrid Mutual Funds

Investment funds that combine stocks and bonds to provide a mix of growth, income, and risk management.

Total Assets

The sum of all assets owned by an entity, including cash, investments, property, and other tangible and intangible assets, reflecting the company's overall value.

Equity Trusts

Investment funds that pool money from investors to purchase a diversified portfolio of equities, or stocks, managed by a professional fund manager.