Allie and Buddy are married, file a joint return, and have one son, Zack, age 5. Buddy
Question:
Allie and Buddy are married, file a joint return, and have one son, Zack, age 5. Buddy has earned income of $48,000 and Allie was a full-time student for nine months (with no income). They paid a qualified child care center $3,450. How much is Allie and Buddy’s child and dependent care credit for the year?
a. $0.
b. $1,125.
c. $1,725.
d. $3,450.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Fundamentals Of Taxation 2022
ISBN: 9781264209408
15th
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander
Question Posted:
Students also viewed these Business questions
-
Allie and Buddy are married, file a joint return, and have one son, Zack, age 5. Buddy has earned income of $47,000 and Allie was a full-time student for 8 months (with no income). They paid a...
-
Multiple Choice Questions 1. Jamison is a single dad with two dependent children, Zoey, age 7 and Conner, age 3. He has an AGI of $81,000 and paid $6,300 to a qualified day care center for the two...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
Start your VM and open a terminal window (note: you may always open more than one terminal window if desired). For this laboratory exam, we will be using the network topology shown in Figure 1....
-
The file P11_45.xlsx contains monthly sales for a photography studio and the price charged per portrait during each month. Use regression to estimate an equation for predicting the current months...
-
Describe how to use a newton-meter, a micrometer screw gauge, a metal cube of side approximately 1.0 cm and a beaker of water to show experimentally that Archimedes principle is correct. The density...
-
How is underapplied overhead accounted for on an income statement?
-
Zimmermans Bank is the only bank in the small town of St. Thomas. On a typical Friday, an average of 10 customers per hour arrives at the bank to transact business. There is one teller at the bank,...
-
Q.1 You are thinking to invest in a new business called as Azadi Limited Company. Your partner told you to invest $200,000 today with expectation to receive $1,000,000 in 9 years. The cost of capital...
-
Describe the three phases of the evolution of forecasting/prediction.
-
Darren paid the following expenses during November 2021 for his son Seans college expenses for spring 2022semester,which begins in January 2022: Tuition............................ $12,000...
-
Paul and Olivia filed a joint tax return and reported modified AGI of $142,000. They have two qualifying children, ages 7 and 9, for the purposes of the child tax credit. What is the amount of their...
-
Find the derivative. Assume a, b, c, k are constants. h(0) = 1 '
-
Design a four-bar mechanism when the motions of the input and output links are governed by a func- tion y = 2x and x varies 2 to 4 with an interval of 1. Assume 0 to vary from 40 to 120 and from 60...
-
In the epicyclic gear train shown in Fig. 15.36, the compound wheels E and F rotate freely on shaft A which carries the planet carrier G. The planets B and C are compounded gears. The number of teeth...
-
Use logarithm properties to write 12lnx+5lny-11Inz as a single logarithm.
-
In the epicyclic gear train shown in Fig.15.35, the arm A, carrying the compound wheels D and E, turns freely on the output shaft. The input speed is 1000 rpm in counter-clockwise direction when seen...
-
Two members of a backgammon club owned identically sized, red backgammon boards. The first member's board was made of cheap material while the second member's board was quite expensive. One night,...
-
Seven financial experts participated in a stock market selection game. Their first choice had to be selected from 8 different resource stocks. All 7 experts picked the same resource stock. If the...
-
How does health insurance risk differ from other types of insurance risk (e.g., automobile or homeowners insurance)? What is the difference between cost sharing and cost shifting? Is retiree health...
-
Reggie had AGI of $32,000 in 2014. During the year, he paid the following medical expenses: Drugs (prescribed by physicians) $ 200 Marijuana (prescribed by physicians).1,400 Health insurance premiums...
-
Joe and Flo are married and have a combined AGI of $45,000 in year 2014. Due to certain medical problems, Joe has been prescribed Viagra by a physician. For year 2014, Joe spent a total of $3,100 on...
-
Leslie and Jason paid the following expenses during 2014: Interest on a car loan $ 100 Interest on lending institution loan .. --------- (used to purchase municipal bonds) 3,000 Interest on home...
-
Solve for these two questions... Question 1 2 . 2 3 : A trader sells a strangle by selling a 7 - month European call option with a strike price of $ 6 0 for $ 4 and selling a 7 - month European put...
-
Problem 1 3 - 1 1 Project Discount Rate ( LO 2 ) The total market value of the equity of Okefenokee Condos is $ 1 4 million, and the total value of its debt is $ 6 million. The treasurer estimates...
-
Johnny s Lunches is considering purchasing a new, energy - efficient grill. The grill will cost $ 3 4 , 0 0 0 and will be depreciated straight - line over 3 years. It will be sold for scrap metal...
Study smarter with the SolutionInn App