Tuan and Marisa Are Married,file a Joint Return,and Have Two

question 97

Multiple Choice

Tuan and Marisa are married,file a joint return,and have two dependent children,Zack,age 6 and Aaron,age 5.Tuan has earned income of $72,000.Marisa was a full- time student for nine months) with no income.They paid a qualified day care center $5,000.How much is Tuan and Marisa's child and dependent care credit for the year?

• A)$1,200.
• B)$600.
• C)$1,000.
• D)$900.

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Definitions:

Overapplied

A situation where the allocated costs in cost accounting exceed the actual costs.

Underapplied

A situation where the allocated costs are less than the actual costs incurred.

Materials Requisitioned

The process or document used to request and authorize the use or withdrawal of materials from inventory for production or other business needs.

Drop-Forge Strokes

A manufacturing process involving the shaping of metal using a heavy hammer or press that drops on the workpiece.