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1 In 2021, Paul and Karen Kent are married, and both are employed (Paul earned $55,000 and Karen earned $3,000 in 2021). Paul and Karen
1 In 2021, Paul and Karen Kent are married, and both are employed (Paul earned $55,000 and Karen earned $3,000 in 2021). Paul and Karen have two dependent children, Samuel and Joy, both under the age of 13. Paul and Karen pay $4,000 ($2,000 for each child) for daycare. Assuming that Paul and Karen file a joint return, what, if any, is their tax credit for child and dependent care expenses? $4,000 $3,000 $1,500 $600 $300 Madison and Nick Koz have 3 children, ages 12 and 14 and 18. All children meet the definition of qualifying child. The Koz family has adjusted gross income of $110,000. What is the amount of the child tax credit and credit for other dependents on the couple's 2021 income tax return? $3,600 $7,700 $6,500 $4,500 $9,000
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