Child and dependent care credit $

SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
Publisher:Maloney
Chapter12: Tax Credits And Payments
Section: Chapter Questions
Problem 33P
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Debra has two children under the age of 13 and she works full-time. Debra pays $7.600 in qualified dependent expenses. Her wages
are $38,000. Debra's employer has a qualified dependent care assistance program and reimbursed Debra $5,300. The payment
reduces Debra's taxable wages to $32.700. How much is Debra's child and dependent care credit?
Child and dependent care credit
$
Transcribed Image Text:Debra has two children under the age of 13 and she works full-time. Debra pays $7.600 in qualified dependent expenses. Her wages are $38,000. Debra's employer has a qualified dependent care assistance program and reimbursed Debra $5,300. The payment reduces Debra's taxable wages to $32.700. How much is Debra's child and dependent care credit? Child and dependent care credit $
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