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Buddy and Candice are married and file a joint return. Their combined AGI is $ 5 0 , 0 0 0 . Buddy earns $

Buddy and Candice are married and file a joint return. Their combined AGI is $50,000. Buddy earns $46,000, while Candice earns $4,000 from a part-time job. They incur $5,000 of qualifying child care expenses for a daycare facility for their two children, ages 2 and 4.Determine the amount of child and dependent care credit allowed. Assume both taxpayers are employed and the year is 2023.

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