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Define benchmarking. Describe the benchmarking process.
Joint Return
Joint Return is a tax filing status that allows married couples to combine their income, exemptions, deductions, and credits on a single tax return.
AGI
A computation of your earnings from your overall income, Adjusted Gross Income is employed to identify the amount of your earnings that is subject to tax.
Child And Dependent Care Credit
A tax credit offered to taxpayers for expenses related to the care of children under 13 or disabled dependents, enabling the taxpayer to work or look for work.
Dependent Child
A child who relies on another person for more than half of their support and qualifies for the potential of tax benefits for the supporting individual.
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