1. Santiago and Amy are married and file a joint tax return claiming their three children, ages 5, 14, and 21, as dependents. Their AGI is $163,200. Santiago and Amy's child tax credit for 2019 is $ and dependent tax credit is $ .

2. Ivanna, who has three children under age 13, worked full-time while her spouse, Sergio, attended college for nine months during the year. Ivanna earned $68,700, and the couple incurred $11,875 of child care expenses.

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Determine Ivanna and Sergio's child and dependent care credit.$

3. Jason, a single parent, lives in an apartment with his three minor children, whom he supports. Jason earned $27,400 during 2019 and uses the standard deduction.

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Round all computations to the nearest dollar.

Calculate the amount, if any, of Jason's earned income credit. $

Exhibit 10.4 Child and Dependent Care Credit Computations Adjusted Gross Income Over But Not Over Applicable Rate of Credit $ 0 $15,000 35% 15,000 17,000 34% 17,000 19,000 33% 19,000 21,000 32% 21,000 23,000 31% 23,000 25,000 30% 29% 25,000 27,000 27,000 29,000 31.000 28% 29.900 27% EXHIBIT 13.2 Earned Income Credit and Phaseout Percentages Tax Year Earned Income Base Amount Credit Percentage Maximum Credit Phaseout Base Phaseout Percentage Phaseout Ends at Income of 2019 $ 6,920 10,370 14,570 14,570 7.65 34.00 40.00 45.00 $ 529 3,526 5,828 6,557 $14,450 24,820 24,820 24,820 7.65 15.98 21.06 21.06 $ 21,370 46,884 52,493 55,952 Number of Qualifying Children Married, Filing Jointly No children One child Two children Three or more children Other Taxpayers No children One child Two children Three or more children Married, Filing Jointly No children One child Two children Three or more children Other Taxpayers No children One child Two children Three or more children $6,920 10,370 14,570 14,570 7.65 34.00 40.00 45.00 $ 529 3,526 5,828 6,557 $ 8,650 19,030 19,030 19,030 7.65 15.98 21.06 21.06 $ 15,570 41,094 46,703 50,162 2018 $ 6,780 10,180 14,290 14,290 7.65 34.00 40.00 45.00 $ 519 3,461 5,716 6,431 $14,170 24,350 24,350 24,350 7.65 15.98 21.06 21.06 $ 20,950 46,010 51,492 54,884 $ 6,780 10,180 14,290 14,290 7.65 34.00 40.00 45.00 $ 519 3,461 5,716 6,431 $ 8,490 18,660 18,660 18,660 7.65 15.98 21.06 21.06 $ 15,270 40,320 45,802 49,194