Which of the Following Individuals or Couples Qualify for the Child

question 43

Multiple Choice

Which of the following individuals or couples qualify for the child and dependent-care credit?
I.Jeff and Marion are married with 2 children ages 5 and 7.Jeff earns $57,000 and Marion is a part-time graduate student at the local university and also works as a volunteer for the local hospital.When Marion is in class or working as a volunteer,they hire their neighbor to care for the children.During the year they paid $1,200 to their neighbor.
II.Michael is single and earns $75,000.Michael pays $10,000 for a nurse to help care for his father who is disabled and lives with him.Michael is entitled to the dependency exemption for his father.
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

Identify the benefits and purposes of employee assistance programs and seminars in addressing psychological disorders.

Understand the role of parity in insurance coverage for mental health services.

Comprehend the legal implications surrounding mental health, including the insanity defense.

Identify the impact of the Internet and telemental health on mental health services.

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Definitions:

Pay Judgment

A legal obligation to pay the amount of money awarded by a court in a lawsuit.

Discovery of Document

A legal process during litigation where parties are required to exchange documents relevant to the case.

Discovery Process

The pre-trial phase in a lawsuit where each party can request information and evidence from the other side to prepare for the case.

Limitation Period

The time period specified by law within which a lawsuit must be filed or a certain action taken to enforce a right.