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Dionne Bailey earns $41,000 per year, which is also her adjusted gross income (AGI). She paid childcare expenses of $1,500 for her one dependent child, age 2. What is her child and dependent care credit? A) $525 B) $490 C) $330 D) $300

Dionne Bailey earns $41,000 per year, which is also her adjusted gross income (AGI). She paid childcare expenses of $1,500 for her one dependent child, age 2. What is her child and dependent care credit? A) $525 B) $490 C) $330 D) $300

FINANCIAL ACCOUNTING
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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Dionne Bailey earns $41,000 per year, which is also her adjusted gross income (AGI). She paid childcare expenses of $1,500 for her one dependent child, age 2. What is her child and dependent care credit? A) $525 B) $490 C) $330 D) $300
Transcribed Image Text:Dionne Bailey earns $41,000 per year, which is also her adjusted gross income (AGI). She paid childcare expenses of $1,500 for her one dependent child, age 2. What is her child and dependent care credit? A) $525 B) $490 C) $330 D) $300
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