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Which is not a feature of the Child and Dependent Care Credit? a: Maximum qualifying expenses are $3,000 for one qualifying individual and $6,000 for
Which is not a feature of the Child and Dependent Care Credit?
| a: Maximum qualifying expenses are $3,000 for one qualifying individual and $6,000 for two or more. |
| b: The credit is refundable for the portion not offsetting income tax. |
| c: Employees may receive up to $5,000 tax-free benefits under a dependent care plan. |
| d: Generally the taxpayer (and spouse, if married) must have earned income during the year. |
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International Accounting
Authors: Shirine Rathore
2nd Edition
8120336739, 9788120336735
