Which of the Following Statements Is True with Regard to Child

question 80

Multiple Choice

Which of the following statements is true with regard to child and dependent care expense credit?

• A)The maximum amount of expenses for one dependent is 35% of all qualified expenses.
• B)Married taxpayers may file separate returns and still qualify for the credit.
• C)If a spouse is attending school full- time,the credit cannot be claimed.
• D)The credit phases out completely if the taxpayer's AGI exceeds certain amounts.

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Definitions:

ISO 9000 Standards

A set of international standards on quality management and quality assurance developed to help companies effectively document the quality system elements needed to maintain an efficient quality system.

Consumer Products

Goods produced for personal use by consumers, including items like electronics, food, and clothing.

Manufacturing Cycle Efficiency (MCE)

Process (value-added) time as a percentage of throughput time.

Non-Value-Added Time

Time during which a product is not being directly added value to, such as wait or idle time, which does not contribute to the end value of the product.