A Qualifying Individual for the Purposes of the Child and Dependent

question 72

Multiple Choice

A qualifying individual for the purposes of the child and dependent care expenses credit includes all of the following except:

• A)A dependent under the age of 13.
• B)An adult child who is incapable of caring for himself/herself.
• C)A dependent child,age of 17 who attends school full time.
• D)A spouse who is incapable of caring for himself/herself.

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Definitions:

Objective

A goal or target that is aimed to be achieved, often used in planning and strategy contexts.

Compounded Semi-Annually

Interest on an investment that is calculated twice a year and added to the principal sum, affecting the total interest earned.

Economic Equivalent

A comparison of the economic attributes of two or more investment or financial scenarios to determine their relative value or financial impact.

Missed Payment

Failure to make a required payment by its due date.