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Chapter 8 Homework eBook Income Tax Credits (LO. 6) Determine the amount of the child- and dependent-care credit to which each of the following taxpayers

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Chapter 8 Homework eBook Income Tax Credits (LO. 6) Determine the amount of the child- and dependent-care credit to which each of the following taxpayers is entitled. If an amount is zero, enter "O". Round intermediate computations and final answer to the nearest dollar. Note: Round your percentage computations up to the next whole number before using in credit dollar amount computations. a. Caryle and Philip are married and have a 4-year-old daughter. Their adjusted gross income is $47,900, and they pay $2,380 in qualified child-care expenses during the year. Caryle earns $17,400, and Philip earns $30,500 in salary. b. 0 Natalie is a single parent with an 8-year-old son. Her adjusted gross income is $23,000, and she pays $3,040 in qualified child-care expenses. C. $1 Leanne and Ross are married and have three children, ages 6, 4, and 1. Their adjusted gross income is $79,600, and they pay $6,740 in qualified child-care expenses during the year. Leanne earns $45,200, and Ross earns $34,400 in salary. d. Malcolm and Mirella are married and have two children. Mirella earns $54,900, and Malcolm has a part-time job from which he earns $3,530 during the year. They pay $3,940 in qualified child-care expenses during the year. e. $ Andrew is a single parent with a 14-year-old son. Because he does not arrive home from work until 7 p.m., Andrew has hired someone to take care of his son after school and cook him supper. Andrew's adjusted gross income is $50,900, and he pays $3,600 in child-care expenses. f. 0 X Andrew is a single parent with a 12-year-old son. Because he does not arrive home from work until 7 p.m., Andrew has hired someone to take care of his son after school and cook him supper. Andrew's adjusted gross income is $50,900, and he pays $3,600 in child-care expenses. Feedback Check My Work Taxpayers who pay someone to care for their child and/or other dependents so the taxpayers can work are eligible for a credit based on the amount of their expenses and their earned income level

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