Some clients choose to receive their refund through an electronic refund check (ERC) so they

can have the tax preparation fees come out of their refund. Which of the following statements

is correct about ERCs?

a) The ERC is not a loan, and the process takes approximately 2-3 weeks.

b) The ERC is not a loan, and the process takes approximately 4-6 weeks.

c) The ERC is a loan, and the process takes approximately 24 hours.

d) The ERC is a loan, and the process takes approximately 2-3 weeks.

Aria and Logan Johnson have two children, Sophia, age 2, and Mia, age 4. Logan is an

engineer and Aria is a housemaker. The Johnsons paid $8,000 for Mia to attend daycare

during the year. Logan received dependent care benefits from his employer of $2,000. Their

AGI is $65,000, and their tax liability is $2,006. How much of the child care expenses can be

used to claim the dependent care credit?

a) $6,800

b) $1,000

c) $5,000

d) $ 0