Credit for Child and Dependent Care Expenses Can Only Be

question 115

True/False

Credit for child and dependent care expenses can only be claimed on a Form 1040.

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Definitions:

Dividend

A part of a company's profits paid out to its shareholders, often as cash or extra shares.

Treasury Stock

Shares that were issued and subsequently reacquired by the issuing corporation, reducing the amount of outstanding stock on the market.

Common Stock

A type of equity security that represents ownership in a corporation, giving shareholders voting rights and a share in profits.

Retained Earnings

The portion of a company's profits that is held back and not distributed to shareholders, reinvested in the business.