Arthur Is Divorced with Two Dependent Children,ages 8 and 13

question 46

Essay

Arthur is divorced with two dependent children,ages 8 and 13.His adjusted gross income is $28,000,and he incurs qualified child care expenses of $6,000,$3,000 for each child.
a.What is the amount of Arthur's qualified child care expenses after any limitation?
b.Calculate the amount of Arthur's child and dependent care credit.

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Definitions:

Critical Value

A threshold point on the test distribution that is compared against the test statistic to determine whether to reject the null hypothesis.

Independent Variables

Variables in an experiment that are manipulated or changed by the researcher to investigate their effect on dependent variables.

Chi-square Test

A statistical test that assesses the significance of the association between categorical variables, based on the comparison of observed frequencies to expected frequencies.

Estimated Form

A version of a statistical model where the parameters have been estimated from data, as opposed to its theoretical or exact form.