Which of the following statements is true with regard to child and dependent care expense credit?
A)The maximum amount of expenses for one dependent is 35% of all qualified expenses.
B)Married taxpayers may file separate returns and still qualify for the credit.
C)If a spouse is attending school full- time,the credit cannot be claimed.
D)The credit phases out completely if the taxpayer's AGI exceeds certain amounts.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is true with regard to child and dependent care expense credit?
A)The maximum amount of expenses for one dependent is 35% of all qualified expenses.
B)Married taxpayers may file separate returns and still qualify for the credit.
C)If a spouse is attending school full- time,the credit cannot be claimed.
D)The credit phases out completely if the taxpayer's AGI exceeds certain amounts.

Which of the Following Statements Is True with Regard to Child