Dabney and Nancy are married, both gainfully employed, and have two children who are 3 and 6
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Dabney and Nancy are married, both gainfully employed, and have two children who are 3 and 6 years old. Dabney's salary is $35,000 and Nancy's salary is $40,000. During the year, they spend $7,000 for child care expenses that are required so both of them can work outside of the home. Calculate the credit for child and dependent care expenses.
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Total AGI of both Dabney Nancy 75000 Children twoone is three year old and other is six year old ... View the full answer
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