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In your own words, explain the requirements that must be met to receive a tax credit for child and dependent care expenses, and the limitations concerning the amount of qualified expenses that can be used to calculate the credit.

Week 4 – Discussion 1 Tax Credits [WLOs: 1, 4] [CLO: 5] Prior to beginning work on this discussion forum, read Chapter 9 in the textbook. In your own words, explain the requirements that must be met to receive a tax credit for child and dependent care expenses,...