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I need help on part b and part d. Thanks.

I need help on part b and part d. Thanks.

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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I need help on part b and part d. Thanks.
Income Tax Credits (LO. 6) Determine the amount of the child- and dependent-care credit to which each of the following taxpayers is entitled. If an amount is zero, enter "0". Round intermediate computations and final answer to the nearest dollar. Note: Round your percentage computations up to the next whole number before using in credit dollar amount computations. a. Caryle and Philip are married and have a 4-year-old daughter. Their adjusted gross income is 390 $48,100, and they pay $1,950 in qualified child-care expenses during the year. Caryle earns $17,700, and Philip earns $30,400 in salary. b. Natalie is a single parent with an 8-year-old son. Her adjusted gross income is $23,000, and she 400 x pays $3,480 in qualified child-care expenses. C. Leanne and Ross are married and have three children, ages 6, 4, and 1. Their adjusted gross income 1,200 is $79,400, and they pay $6,820 in qualified child-care expenses during the year. Leanne earns $45,100, and Ross earns $34,300 in salary. d. Malcolm and Mirella are married and have two children. Mirella earns $52,100, and Malcolm has a part-time job from which he earns $4,180 during the year. They pay $5,130 in qualified child-care expenses during the year. е. Andrew is a single parent with a 14-year-old son. Because he does not arrive home from work until 7 p.m., Andrew has hired someone to take care of his son after school and cook him supper. Andrew's adjusted gross income is $49,600, and he pays $3,430 in child-care expenses. f. Andrew is a single parent with a 12-year-old son. Because he does not arrive home from work until 7 600
Transcribed Image Text:Income Tax Credits (LO. 6) Determine the amount of the child- and dependent-care credit to which each of the following taxpayers is entitled. If an amount is zero, enter "0". Round intermediate computations and final answer to the nearest dollar. Note: Round your percentage computations up to the next whole number before using in credit dollar amount computations. a. Caryle and Philip are married and have a 4-year-old daughter. Their adjusted gross income is 390 $48,100, and they pay $1,950 in qualified child-care expenses during the year. Caryle earns $17,700, and Philip earns $30,400 in salary. b. Natalie is a single parent with an 8-year-old son. Her adjusted gross income is $23,000, and she 400 x pays $3,480 in qualified child-care expenses. C. Leanne and Ross are married and have three children, ages 6, 4, and 1. Their adjusted gross income 1,200 is $79,400, and they pay $6,820 in qualified child-care expenses during the year. Leanne earns $45,100, and Ross earns $34,300 in salary. d. Malcolm and Mirella are married and have two children. Mirella earns $52,100, and Malcolm has a part-time job from which he earns $4,180 during the year. They pay $5,130 in qualified child-care expenses during the year. е. Andrew is a single parent with a 14-year-old son. Because he does not arrive home from work until 7 p.m., Andrew has hired someone to take care of his son after school and cook him supper. Andrew's adjusted gross income is $49,600, and he pays $3,430 in child-care expenses. f. Andrew is a single parent with a 12-year-old son. Because he does not arrive home from work until 7 600
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