Question
An unmarried taxpayers elderly mother lives with her. The taxpayer pays $200 per week to an adult care center to watch the mother while the
An unmarried taxpayers elderly mother lives with her. The taxpayer pays $200 per week to an adult care center to watch the mother while the taxpayer is at work. The taxpayers W-2 income is $54,000, her AGI is $50,000, and her taxable income is $34,500. AGI Over But not over Decimal amount is AGI Over But not over Decimal amount is $0 15,000 0.35 $29,000 31,000 0.27 15,000 17,000 0.34 31,000 33,000 0.26 17,000 19,000 0.33 33,000 35,000 0.25 19,000 21,000 0.32 35,000 37,000 0.24 21,000 23,000 0.31 37,000 39,000 0.23 23,000 25,000 0.30 39,000 41,000 0.22 25,000 27,000 0.29 41,000 43,000 0.21 27,000 29,000 0.28 43,000 No limit 0.20 What is the amount of the taxpayers child and dependent care credit?
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