Multiple Choice
Which of the following statements regarding the child and dependent care credit is true?
A) A married couple must file jointly to claim the credit.
B) A taxpayer may claim a credit for dependent care expenses for a dependent who is 14 years old or older but only if the dependent lives in the taxpayer's home for the entire year.
C) All else equal, a taxpayer making qualifying expenditures for three children may claim more dependent care credit than a taxpayer making (the same amount of) qualifying expenditures for two children.
D) None of these statements are true.
Correct Answer:

Verified
Correct Answer:
Verified
Q123: Jack paid $5,000 in daycare expenses for
Q124: During 2020, Montoya (age 15)received $2,200 from
Q125: The Olympians have three children. The kiddie
Q126: Carolyn has an AGI of $39,900 (all
Q127: In 2020, Shawn's adjusted gross income (AGI)is
Q129: During all of 2020, Mr. and Mrs.
Q130: Which of the following tax credits is
Q131: Assume Georgianne underpaid her estimated tax liability
Q132: Jackson earned a salary of $254,000 in
Q133: Julien and Sarah are married, file a