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(Child Care Expenses) Both Mr. Fortin and Mrs. Fortin are employed. During 2018, Mr. Fortin had opened a restaurant and had business income of $8,000.
(Child Care Expenses) Both Mr. Fortin and Mrs. Fortin are employed. During 2018, Mr. Fortin had opened a restaurant and had business income of $8,000. Mrs. Fortin had employment income of $84,000, mostly from commission sales during 2018. Since Mrs. Fortin's work required a good deal of travel away from home Fortin's new restaurant required him to work long hours, including many evenings, they had to pay for care of their children. Payments for childcare amounted to $400 per week, for a total of 48 weeks. and Mr during the current year, there was a period of six weeks during which Mr. Fortin was hospitalized njuries suffered during a game of Ultimate Frisbee. This period was part of the 48 weeks for which child care payments were made. Required: Determine the maximum amount that can be deducted by Mr. and Mrs. Fortin for the year ending December 31, 2018 for child care expenses under the following assumptions They have two children, neither of whom qualify for the disability tax credit. Their ages are 2 and 4 years old. A. They have three children, none of whom qualify for the disability tax credit. Their ages are 2,4 and 15 years old. B
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