Which of the Following Statements Is Not True with Regard

question 110

Multiple Choice

Which of the following statements is not true with regard to the child and dependent care expense credit?

• A)The maximum amount of expenses for one dependent is $3,000.
• B)Married taxpayers must file joint returns.
• C)A non-working spouse attending school full-time is deemed to have earned income of $250 per month for one qualifying person.
• D)The maximum amount of expenses for two or more dependents is $6,000.

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Definitions:

Tax

A mandatory financial charge levied by a government on individuals, corporations, or other legal entities to fund government spending and various public expenditures.

Levied

The imposition or collection of a tax, charge, or fine.

Market Activity

The various transactions, movements, and behaviors of participants that occur within a marketplace, influencing the supply and demand of goods and services.

Taxes

Mandatory monetary fees or different forms of levies collected from taxpayers by government entities to support government expenses and a range of public services.