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1. Stanley and Andi are married and have two dependent children, one age 6 and the other age 10. Stanley and Andi are both employed:
1. Stanley and Andi are married and have two dependent children, one age 6 and the other age 10. Stanley and Andi are both employed: Stanley earns $5,000 and Andi earns $20,000. They had no other items of income or expense, so their AGI is $25,000. They pay Stanley's mother $$6,000 to care for the children while they are working. Note that Stanley's mother does not qualify as a dependent of Stanley and Andi. What is the amount of expenses that are eligible when computing the Child and Dependent Care Credit. (2 points) a. b. How would your answer to part a change if the each earn $12,500? (1 point)
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