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Wouldn't Theodore and Franklin be considered Qualifying Relatives? The TP provides more than 1/2 of their support. A Dependent is either a Qualifying Child or Qualifying Relative. Even if they don't qualify as dependent child, they still could be claimed for medical expenses and the new Credit for Other Dependents if they lived more than 1/2 of the year with the TP. The question does not indicate that they live on their own.
How is the increase in Prepaid Insurance equivalent to subtracting that amount when working BACKWARDS from net income to calculate cash from operating activities? If my operating cash for the year was $207, as the answer says, and I PAY OUT an extra $9 to increase my Prepaid Insurance by $9, as the problem states, that puts me at $198 cash for the year. Adding back the $6 for Salaries Payable puts me at $204 net income, not the $210 starting point stated. Am I missing something here?
I believe this question should be updated: The TCJA increased he child tax credit to $2000 for children under 17 and raised the phase out amount for singles/head of household to $200,000. The 17 y old would now qualify for the $500 credit for other dependents.