3. Does the following scenario correctly describe income limitations on credits for tax year 2020 ? A Married Filing Jointly couple has two qualifying dependents, ages 6 and 8 . The taxpayer has a W-2, and the spouse has been a full-time student. They have childcare expenses of $4,500 for the year. They can take a Child and Dependent care credit. Click Yes' or 'No' for each option until complete