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Clark, a widower, maintains a household for himself and his two dependent preschool children. For the year ended December 31, 2014, Clark earned a salary of $32,000. He paid $3,500 to a housekeeper to care for his children in his home, and also paid $1,500 to a kiddie play camp for child care. He had no other income or expenses during 2014. How much can Clark claim as a child care credit in 2014?
Manufacturing Jobs
Positions or employment in the production of goods, particularly through the use of labor, machines, tools, and chemical or biological processing or formulation.
Service Positions
Jobs primarily focused on providing services to individuals or businesses rather than producing goods, often involving direct interaction with customers.
Poverty Line
A designated threshold that defines the minimum level of income deemed necessary to achieve an adequate standard of living in a given country.
Culture Of Poverty
A theory that suggests poverty creates a unique set of values, beliefs, and behaviors in the poor that contribute to the perpetuation of their economic disadvantage.
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