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Clarita is an unmarried taxpayer with two dependent children, ages 1 0 and 1 2 . Clarita pays $ 3 , 0 0 0 in
Clarita is an unmarried taxpayer with two dependent children, ages and Clarita pays $ in qualified child care expenses during the year. CHILD AND DEPENDENT CARE CREDIT PERCENTAGES
Adjusted Gross Income
Over But Not Over
$
Applicable Percentage
If her adjusted gross income all from wages for the year is $ and she takes the standard deduction, calculate Clarita's earned income credit and child and dependent care credit for
Click here to view the Earned Income Credit table.
Click here to access the tax table for this problem.
Clarita's taxable income is Outline her liability and credits in the correct "pecking" order:
Tax Liability
Child and dependent care credit
Earned income credit
child tax credit
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