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Calculate the amount of the child and dependent care credit allowed before any tax liability limitations or other credits for 2022 in each of the

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Calculate the amount of the child and dependent care credit allowed before any tax liability limitations or other credits for 2022 in each of the following cases. assuming the taxpayers had no income other than the stated amounts. CHILD AND DEPENDENT CARE CREDIT PERCENTAGES William and Carla file a joint tax return. Carla earned $27,500 during the year, while Williarn attended law school full-time for nine months and earned no incom They paid $3,500 for the care of their 3-year-old child, Cart. Round your answer to the nearest whole dollar. x TCheck Wok Taxpayers are allowed a credit for expenses for the care of their children and certain other dependents. To be elig ble for the child and dependent care credit, the dependent must elther be under the age of 19 or be a dependent or spouse of any age who is incapable of self-care. If a child's parents are divorced, the child need not be the dependent of the taxpsyer ciaiming the credit, but the child must live with that parent more than he or she iives with the other parent. The child and dependent care credit is equal to statutory percent of the qualified expenses that decreases as adjusted gross incorne increases. In determining the credit, the maximum amount of qualified expenses, to which the applicable percentage is applied, is 33,000 for one dependent and $6,000 for two or more dependents. b. Raymond and Michele fice a joint tax retym. Raymond eamed 583,000 during the year, while Michele eamed $139,000 for the year from a part-time joo. They paid $17.000 for the care of their two childeeh under age 13. x f feeatack chect Mr Wos incorect Check My Work

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