Tim and Martha paid $7,900 in qualified employment-related expenses for their thra: young children who live with them in their household. Martha received $1,800 of depend ent care assistance from her employer, which was properly excluded from gross income. The couple had S57.000 of AGI earned equally
Tim and Martha paid $7,900 in qualified employment-related expenses for their thra: young children who live with them in their household. Martha received $1,800 of depend ent care assistance from her employer, which was properly excluded from gross income. The couple had S57.000 of AGI earned equally
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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46. Tim and Martha paid $7,900 in qualified employment-related expenses for their thra:
young children who live with them in their household. Martha received $1,800 of depend
ent care assistance from her employer, which was properly excluded from gross income.
The couple had S57.000 of AGI earned equally. What amount of child and dependent cat
credit can they claim on their Form 1040? How would your answer differ (if at all) if the
couple had AGI of $3€,000 that was earned entirely by Martha?
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