1. In 2021, Ivanna, who has three children under age 13, worked full-time while her spouse, Sergio, was attending college for nine months during the year. Ivanna earned $47,100 and incurred $10,275 of child care expenses.   Click here to access the percentage chart to us for this problem.   Determine amount of Ivanna and Sergio's child and dependent care credit.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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1. In 2021, Ivanna, who has three children under age 13, worked full-time while her spouse, Sergio, was attending college for nine months during the year. Ivanna earned $47,100 and incurred $10,275 of child care expenses.

 

Click here to access the percentage chart to us for this problem.

 

Determine amount of Ivanna and Sergio's child and dependent care credit.

 

2. In 2021, Ivanna, who has three children under age 13, worked full-time while her husband, Sergio, was attending college for nine months during the year. Ivanna earned $47,000 and incurred $6,400 of child care expenses.

 

Click here to access the percentage chart to us for this problem.

 

Determine amount of Ivanna and Sergio's child and dependent care credit.

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