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Determine the maximum amount that can be deducted by both Mr. and Mrs. Byrd for the year ending December 31, 2019 for child care expenses.

image text in transcribedDetermine the maximum amount that can be deducted by both Mr. and Mrs. Byrd for the year ending December 31, 2019 for child care expenses. (Ontario, Canada)

Both Mr. Byrd and Mrs. Byrd are employed. During 2019, Mr. Byrd had opened a restaurant and had business income of $12000. Mr. Byrd also had net employment income of $52000, after deducting $10100 of employment deductions. He also had $7,000 of interest income. Ms. Byrd had gross employment income of $87000, which included taxable benefits of $12,000. She also had $9000 of dividend income. Since they both had to work long hours, they had to pay for care of their children. They have four children: Clarence (15 years old and eligible for the disability tax credit), Ida (11 years old), Gary (5 years old), and Pearson (2 years old). Payments for childcare uring the year amounted to $500 per week for 52 weeks of the year. Additionally, they sent Clarence and Ida to overnight summer camp for 2 weeks each, and paid $5000 total for this camp. Also during the current year, there was a period of 10 weeks during which Mr. Byrd was hospitalized due to injuries suffered during a hockey game. Both Mr. Byrd and Mrs. Byrd are employed. During 2019, Mr. Byrd had opened a restaurant and had business income of $12000. Mr. Byrd also had net employment income of $52000, after deducting $10100 of employment deductions. He also had $7,000 of interest income. Ms. Byrd had gross employment income of $87000, which included taxable benefits of $12,000. She also had $9000 of dividend income. Since they both had to work long hours, they had to pay for care of their children. They have four children: Clarence (15 years old and eligible for the disability tax credit), Ida (11 years old), Gary (5 years old), and Pearson (2 years old). Payments for childcare uring the year amounted to $500 per week for 52 weeks of the year. Additionally, they sent Clarence and Ida to overnight summer camp for 2 weeks each, and paid $5000 total for this camp. Also during the current year, there was a period of 10 weeks during which Mr. Byrd was hospitalized due to injuries suffered during a hockey game

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