Mark and Stacy Are Married,file a Joint Return,and Have One

question 19

Multiple Choice

Mark and Stacy are married,file a joint return,and have one child,age 3.Their combined AGI is $55,000.Mark and Stacy incur $3,500 of child care expenses during the current year.Mark's employer reimburses him $1,500 under a qualified dependent care assistance plan.The child and dependent care credit is

• A)$300.
• B)$600.
• C)$700.
• D)$1,200.

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Definitions:

Volume-Based Discount

A pricing strategy where the price per unit of goods decreases as the quantity purchased increases, designed to encourage larger orders.

Pricing Schedule

A pricing schedule lists the prices for goods or services, often varying based on quantities purchased, contract length, or buyer types, to accommodate different purchasing scenarios.

Quantity Ordered

The total number of units of a product or service that a customer commits to buying at a specific time.

Economic Order Quantity

A model used in inventory management to determine the optimal order quantity that minimizes the total cost of inventory, including ordering and holding costs.