Mr. and Mrs. Casey have two dependent children, ages 3 and 6. The Caseys spent $10,300 for child care this year. Mrs. Casey is employed full-time as an attorney. Mr. Casey is an unpublished novelist who has yet to earn any money from his writing. The Caseys are eligible for a dependent care credit.
Answer the following statement true (T) or false (F)
False
The child care cost on which the credit is based is limited to the lesser of either spouse's earned income.
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What will be an ideal response?
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