Which of the following statements about the child and dependent care credit is correct?
参考答案(由小熊题库网聘请的专业题库老师提供的解答)
请点击↑↑↑ 查看官方参考答案 按钮
习题解析
请点击 查看官方参考答案 按钮
您可能感兴趣的题目
1 .Carter incurred the following expenses in the current year: USD500 for the preparation of a personal income tax return, USD100 for custodial fees on an IRA, USD150 for professional publications, and USD2,000 for union dues. Carter's current year adjusted gross income is USD75,000. Carter, who is not self-employed, itemizes deductions. What will Carter's deduction be for miscellaneous itemized deductions after any limitations in the current year?
A USD 0 B USD 1,250 C USD 2,750 D USD 750
2 .Which of the following is a miscellaneous itemized deduction subject to the 2% of adjusted gross income floor?
A Real estate tax. B Gambling losses up to the amount of gambling winnings. C Employee business expenses. D Medical Expenses.
3 .Which of the following credits can result in a refund even if the individual had no income tax liability?
A Elderly and permanently and totally disabled credit. B Earned income credit. C Credit for prior year minimum tax. D Child and dependent care credit.
4 .Mr. and Mrs. Sloan incurred the following expenses during the year when they adopted a child:Child's medical expensesUSD5,000Legal expenses8,000Agency fee3,000Without regard to the limitation of the credit, what amount of the above expenses are qualifying expenses for the adoption credit?
A USD5,000 B USD11,000 C USD10,160 D USD16,000
5 .How may taxes paid by an individual to a foreign country be treated?
A As an adjustment to gross income. B As an itemized deduction subject to the 2% floor. C As a nondeductible expense. D As a credit against federal income taxes due.
7 .Frank and Mary Wood have 2 children, Becky, age 10, and Matt, age 14. The Woods incur expenses of USD4,000 for after school-care for each child. Their only income is from wages. Frank's wages are USD60,000, and Mary's wages are USD2,500. What amount of Child and Dependent Care Credit may the Woods claim on their joint tax return?
A USD1,600 B USD500 C USD1,200 D USD800
8 .Which of the following credits can result in a refund even if the individual had no income tax liability?
A Adoption Credit. B Child and Dependent Care Credit. C Earned Income Credit. D Credit for the Elderly or Permanently Disabled.
9 .Which of the following disqualifies an individual from the earned income credit?
A The taxpayer has a filing status of married filing separately. B The taxpayer's qualifying child is a 17-year-old grandchild. C The taxpayer's five-year-old child lived in the taxpayer's home for only eight months. D The taxpayer has earned income of USD5,000.
10 .Which of the following is not a refundable tax credit?
A Excess social security paid. B Earned income credit. C Child tax credit. D Retirement savings contribution credit.
