Julie paid a day care center to watch her two-year-old son while she worked as a computer programmer for a local start-up company. What amount of child and dependent care credit can Julie claim in 2022 in each of the following alternative scenarios? Use Exhibit 8- 10 Required: a. Julie paid $2,380 to the day care center, and her AGI is $53,800 (all salary). b. Julie paid $5,950 to the day care center, and her AGI is $53,800 (all salary). c. Julie paid $5,900 to the day care center, and her AGI is $24,900 (all salary). d. Julie paid $2,800 to the day care center, and her AGI is $14,700 (all salary). e. Julie paid $5,900 to the day care center, and her AGI is $14,000 ($3,900 salary and $10,100 unearned income).

Julie paid a day care center to watch her two-year-old son while she worked as a computer programmer for a local start-up company. What amount of child and dependent care credit can Julie claim in 2022 in each of the following alternative scenarios? Use Exhibit 8- 10 Required: a. Julie paid $2,380 to the day care center, and her AGI is $53,800 (all salary). b. Julie paid $5,950 to the day care center, and her AGI is $53,800 (all salary). c. Julie paid $5,900 to the day care center, and her AGI is $24,900 (all salary). d. Julie paid $2,800 to the day care center, and her AGI is $14,700 (all salary). e. Julie paid $5,900 to the day care center, and her AGI is $14,000 ($3,900 salary and $10,100 unearned income).

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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