Bob and Joyce Are Married,file a Joint Return,and Have One

question 55

Multiple Choice

Bob and Joyce are married,file a joint return,and have one dependent child,Dane,age 9.Bob has earned income of $72,000.Joyce was a full-time student for nine months) with no income.They paid a qualified day care center $4,000.What amount of child and dependent care credit can Bob and Joyce receive?

• A)$800.
• B)$1,200.
• C)$600.
• D)$450.

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Definitions:

Rebranding

A marketing strategy in which a new name, term, symbol, design, or combination thereof is developed for an established brand with the intention of developing a new, differentiated identity in the minds of consumers, investors, and competitors.

Boxed Brownie Mix

A prepackaged set of dry ingredients for making brownies, requiring only the addition of a few wet ingredients.

Rebranding

A marketing strategy in which a new name, term, symbol, design, or a combination thereof is created for an already established brand with the intention of developing a new, differentiated identity in the minds of consumers, investors, and competitors.

Brand Equity

The value a brand adds to a product, including how well-known and regarded the brand is among consumers.