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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.
TABLE CHILD AND DEPENDENT CARE CREDIT PERCENTAGES
Adjusted Gross Income Applicable Percentage
Over But Not Over
$ $
No limit
If her adjusted gross income all from wages for the year is $ and she takes the standard deduction, calculate Claritas 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 fill in the blank of $ Outline her liability and credits in the correct "pecking" order:
Description Amount
Tax Liability $fill in the blank
$fill in the blank
$fill in the blank
$fill in the blank
Total refundable credits $fill in the blank
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