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Calculate the amount of the child and dependent care credit allowed for 2014 in each of the following cases, assuming the taxpayers had no income
Calculate the amount of the child and dependent care credit allowed for 2014 in each of the following cases, assuming the taxpayers had no income other than the stated amounts.
b. Raymond and Michele file a joint tax return. Raymond earned $32,500 during the year, while Michele earned $9,000 for the year from a part time job. They paid $7,000 for hte care of their two children under age 13.
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