Mini Problem 2 Wayne and Wanda are filing MFJ with a 4-year-old dependent child. Wayne worked full timeand earned $25,000. Wanda became a full-time student for the fall term (Aug thru Dec) and they have noother income. Their principal place of abode was in the U.S. for the entire tax year. Their federal taxableincome was $2,300 and their federal tax liability before any credits is $231. While Wanda was a student,they paid $3,000 for childcare. What is the amount of line 10 from their Form 2441?ageSelect one:a. $0b. $1,250c. $1.750d. $3,000O e. None of theseNext pagePowered by TOPYX2008-2023 Interactyx Limited. All rights reserved. Statement of Rights and Responsibilitiesus thereforeE1/4/

Child and Dependent Care Expenses, is a two-page tax form that will take some time and concentration…

Answered: /hat is the amount of line 10 from…

Business

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/hat is the amount of line 10 from their Form 2441?

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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Question

Mini Problem 2 Wayne and Wanda are filing MFJ with a 4-year-old dependent child. Wayne worked full time
and earned $25,000. Wanda became a full-time student for the fall term (Aug thru Dec) and they have no
other income. Their principal place of abode was in the U.S. for the entire tax year. Their federal taxable
income was $2,300 and their federal tax liability before any credits is $231. While Wanda was a student,
they paid $3,000 for childcare. What is the amount of line 10 from their Form 2441?
age
Select one:
a. $0
b. $1,250
c. $1.750
d. $3,000
O e. None of these
Next page
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