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Dabney and Nancy are married, both gainfully employed, and have two children who are 3 and 6 years old. Dabneys salary is $15,000 while Nancys
Dabney and Nancy are married, both gainfully employed, and have two children who are 3 and 6 years old. Dabneys salary is $15,000 while Nancys salary is $23,800. During the year, they spend $7,000 for child care expenses that are required so both of them can work outside of the home. Calculate the credit for child and dependent care expenses.
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