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Earned Income Credit, Child and Dependent Care Credit ( LO 7 . 2 , 7 . 3 ) Clarita is a single taxpayer that lives

Earned Income Credit, Child and Dependent Care Credit (LO 7.2,7.3)
Clarita is a single taxpayer that lives in the U.S. with two dependent children, ages 10 and 12. Clarita pays $3,000 in qualified child care expenses during the year.
TABLE 6.1 CHILD AND DEPENDENT CARE CREDIT PERCENTAGES
Adjusted Gross Income Applicable Percentage
Over But Not Over
$0 $15,00035%
15,00017,00034%
17,00019,00033%
19,00021,00032%
21,00023,00031%
23,00025,00030%
25,00027,00029%
27,00029,00028%
29,00031,00027%
31,00033,00026%
33,00035,00025%
35,00037,00024%
37,00039,00023%
39,00041,00022%
41,00043,00021%
43,000 No limit 20%
If her adjusted gross income (all from wages) for the year is $70,000 and she takes the standard deduction, calculate Claritas child tax credit, earned income credit, and child and dependent care credit for 2023.
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 1
with a tax liablity pre-credits are computed below:
Child Tax Credit $fill in the blank 3
Child and dependent expense care credit $fill in the blank 4
Earned income credit $fill in the blank 5
The total credits equal $fill in the blank 6
.

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