Please calculate Julie’s child and dependent care credit prior to any tax liability limitation under these two unique scenarios: a. Julie has an 8-year-old daughter. Julie pays $2,000 a year in day care costs. Her salary is $34,000. b. Julie has a 5-year-old daughter, a 7-year-old son, and a 9-year-old daughter. Julie pays $8,000 a year in day care costs. Her salary is $90,000.
Please calculate Julie’s child and dependent care credit prior to any tax liability limitation under these two unique scenarios: a. Julie has an 8-year-old daughter. Julie pays $2,000 a year in day care costs. Her salary is $34,000. b. Julie has a 5-year-old daughter, a 7-year-old son, and a 9-year-old daughter. Julie pays $8,000 a year in day care costs. Her salary is $90,000.
Chapter2: Income Tax Concepts
Section: Chapter Questions
Problem 31P
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Please calculate Julie’s child and dependent care credit prior to any tax liability limitation under these two unique scenarios:
a. Julie has an 8-year-old daughter. Julie pays $2,000 a year in day care costs. Her salary is $34,000.
b. Julie has a 5-year-old daughter, a 7-year-old son, and a 9-year-old daughter. Julie pays $8,000 a year in day care costs. Her salary is $90,000.
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT