Julie paid a day care to watch her 2 year old son.-she paid $5,900 to the day care and her AGI is $14,000 ($3,900 salary and $10,100 unearned income) what is the child and dependent care credit? EXHIBIT 8-10 Child and Dependent Care Credit PercentageThen the percentage is35%343332313029282726252423222120If AGI is over$015,00017,00019,00021,00023,00025,00027,00029,00031,00033,00035,00037,00039,00041,00043,000Source: $21.HBut not over$15,00017,00019,00021,00023,00025,00027,00029,00031,00033,00035,00037,00039,00041,00043,000No limitType here to search

Child and dependent care credit is kind of tax subsidy for a taxpayer for the cost borne by the…

Answered: Julie paid a day care to watch her 2…

Julie paid a day care to watch her 2 year old son. -she paid $5,900 to the day care and her AGI is $14,000 ($3,900 salary and $10,100 unearned income) what is the child and dependent care credit?

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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