Addy & DJ are married & have 1 child, he is 2 yrs old. In 2022 Addy had employment income of $51, 000 DJ had investment income of $11,000. Neither have any other income. They paid $1200 for day care for their son. Neither parent was in school, infirm or in prison. Who must claim the child care expense & what is the amount?

Addy & DJ are married & have 1 child, he is 2 yrs old. In 2022 Addy had employment income of $51, 000 DJ had investment income of $11,000. Neither have any other income. They paid $1200 for day care for their son. Neither parent was in school, infirm or in prison. Who must claim the child care expense & what is the amount?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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