9-46 (LO 9-1) Tim and Martha paid $19,500 in qualified employment-related expenses for their three young children who live with them in their household. Martha received $1,500 of dependent care assistance from her employer, which was properly excluded from gross income. The couple had $159,700 of AGI earned equally. Use Child and Dependent Care Credit AGI schedule. Required: a. What amount of child and dependent care credit can they claim on their Form 1040? b. How would your answer differ (if at all) if the couple had AGI of $139,700 that was earned entirely by Martha? a Child and dependent care tax credit b Child and dependent care tax credit Amounts $137,001- 43% 139,000 $139,001- 42% 141,000 $141,001- 41% 143,000 $143,001- 40% 145,000 $145,001- 39% 147,000 $147,001- 38% 149,000 $149,001- 37% 151,000 $151,001- 36% 153,000 $153,001- 35% 155,000 $155.001- 34% 157,000 $157,001- 33% 159,000 $159,001- 32% 161,000 $161,001- 31% 163.000