Mr. and Mrs. Garcia paid $6,900 to Mrs. Garcia's mother for the entire year to take care of their children ages 3 and 5 while they worked. Their AGI for 2022 is 65,800. Compute their dependent care tax credit for 2022

Mr. and Mrs. Garcia paid $6,900 to Mrs. Garcia's mother for the entire year to take care of their children ages 3 and 5 while they worked. Their AGI for 2022 is 65,800. Compute their dependent care tax credit for 2022

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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Mr. and Mrs. Garcia paid $6,900 to Mrs. Garcia's mother for the entire year to take care of their children ages 3 and 5 while they worked. Their AGI for 2022 is 65,800.

Compute their dependent care tax credit for 2022

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