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 if she paid $2,020 to the day care center and her AGI is $50,000 (all salary)? Child and dependent care credit = ?
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 if she paid $2,020 to the day care center and her AGI is $50,000 (all salary)? Child and dependent care credit = ?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 if she paid $2,020 to the day care center and her AGI is $50,000 (all salary)?
Child and dependent care credit = ?
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