Question
You have clients, named Liam (who was born in Sweden) and Ella. They have six kids, and the list is as follows: Name Age Location/Circumstances
You have clients, named Liam (who was born in Sweden) and Ella. They have six kids, and the list is as follows:
| Name | Age | Location/Circumstances |
| Jonathan | 22 | Currently in college and just started Law school (finished high school at 17) at Georgetown University. |
| Thor | 19 | Twin of Kristina. Just started an acting program in New York at public university. |
| Kristina | 19 | Twin of Thor. Just started college at CalTech and majoring in Chemistry. |
| Astrid | 16 | Junior in high school in Virginia |
| Maja | 14 | Middle School Student |
| Erik | 8 | Elementary School Student |
Assuming they have the correct expenses allowed, how many children will qualify for the Dependent Care Credit?
| a. | 2 | |
| b. | 3 | |
| c. | 5 | |
| d. | 4 |
Step by Step Solution
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There are 3 Steps involved in it
Step: 1
In Sweden To qualify for the child and dependent care credit you must have paid someone s...
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Fundamentals of Corporate Finance
Authors: Berk, DeMarzo, Harford
2nd edition
132148234, 978-0132148238
