eBook Printem Problem 7-9 Child and Dependent Care Credit [LO 7.2) Calculate the amount of the child and dependent care credit allowed before any tax Hability limitations or other credits for 2020 in each of the following cases, assuming the taxpayers had no income other than the stated amounts TABLE 6.1 CHILD AND DEPENDENT CARE CREDIT PERCENTAGES Adjusted Gross Income Applicable Percentage Over But Not Over 50 $15,000 359% 15,000 17,000 34% 17,000 19,000 33% 19,000 21,000 32% 21,000 23,000 31% 23,000 25,000 30% 25,000 27,000 29% 27,000 29,000 27% 29,000 31,000 27% 31,000 33,000 26 33,000 35,000 28 35,000 37,000 249 37,000 39,000 239 39,000 41,000 22% Previous Next All work saved Era instruct Submit Assignment for Grading 46 PM O G IA O O C eBook Printem 25,VUU 27,000 29,000 31,000 33,000 ZUUUU 29,000 31,000 33,000 2010 27 27 26% 25% 35,000 37.000 24% 23% 35,000 37,000 39,000 41,000 43,000 No limit 39,000 41,000 43,000 22 31 20 Winam and Carla tle Joint tax retum Carto earned 527,500 during the year walle William attended law school full-time for months and varied no income. They said $3,500 for the care of their 3 year old child, Can Round your answer to the nearest whole dollar b. Raymond and Michele file a joint tax return, Raymond earned $13,000 during the year, wie Michele earned 19,000 for the year from a part time job. They said 7.000 for the care of their two children under age 13 c. Het is a single taxpayer who has two dependent children under ages. Both earned $25,500 in wapes during the year and paid $6,700 for the care of her children 1,740 1 Previous Next Email Intro Save and Submit Assignment for Grading All work saved