2019

40. Compute the child and dependent care credit in each of the following independent cases: a. Jack and Jill Jones are married and file a joint return. Jill worked full time earning $20,000, while Jack attended law school the entire year. They incurred $6,500 of child care expenses during the year for their two children, ages eight and six. b. Mary Morgan is a widow who worked ni a full time the entire year earning bad 79 an $23,000. She incurred the following child care expenses for her six-year- old daughter in order to be employed during the year: $400 Kindergarten Babysitters from 600 Private school (first grade) DOES NOT CUNT 600 Moc. Bill and Debra Page are divorced and 000,07 have one dependent child, Betty, age AMD nine. Bill had custody of Betty for five O months this year and claimed Betty as 01 Tibor an exemption on his tax return. Debra had custody of Betty for the remainder om of the year. Debra incurred $3,600 of 205 mil employment-related expenses during noon the year, while Bill incurred $2,500 of bivib employment-related expenses. Both BUMAL were employed for the entire year and each earned $20,000 in wages this year