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Child and Dependent Care Credit (LO 7.3) Clarita is a single taxpayer with two dependent children, ages 10 and 12. Clarita pays $3,000 ($1,500 for

Child and Dependent Care Credit (LO 7.3)

Clarita is a single taxpayer with two dependent children, ages 10 and 12. Clarita pays $3,000 ($1,500 for each child) in qualified child care expenses during the year. Her adjusted gross income and earned income (all from wages) for the year is $19,600 and she takes the standard deduction.

Complete Form 2441, Child and Dependent Care Expenses and determine Clarita's child care credit.

Assume her tax liability is $1,250. If an amount is zero, enter "0". Enter amounts as positive numbers.

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