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13 2 Check my work 5 Part 2 of 2 points Skipped Required information Problem 8-71 (LO 8-4) (Algo) [The following information applies to the
13 2 Check my work 5 Part 2 of 2 points Skipped Required information Problem 8-71 (LO 8-4) (Algo) [The following information applies to the questions displayed below.] Julie paid a day care center to watch her two-year-old son while she worked as a computer programmer for a local start-up company. What amount of child and dependent care credit can Julie claim in 2021 in each of the following alternative scenarios? Use Exhibit 8-10: eBook Print References Problem 8-71 Part-b (Algo) b. Julie paid $5,800 to the day care center and her AGI is $53,200 (all salary). Child and dependent care credit EXHIBIT 8-10 Child and Dependent Care Credit Percentage If AGI is over But not over Then the percentage is $ 0 $125,000 50% 125,000 127,000 49 127,000 129,000 48 129,000 131,000 47 181,000 183,000 21 183,000 400,000 20 400,000 402,000 19 402,000 404,000 18 434,000 436,000 2 436,000 438,000 1 438,000 0 Source: Source: Internal Revenue Code. " 21. Expenses For Household And Dependent Care Services Necessary For Gainful Employment
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