Exercise 12-15 (Algorithmic) (LO. 4) Ivanna, who has three children under age 13, worked full-time while her husband, Sergio, was attending college for nine months during the year. Ivanna earned $53,100 and incurred $7,975 of child care expenses. Click here to access the percentage chart to us for this problem. Determine the amount of Ivanna and Sergio's child and dependent care credit. 500 Exhibit 12.2 Computing the Child and Dependent Care Credit Adjusted Gross Income But Not Over Over $ 0 15,000 17,000 19,000 21,000 23,000 25,000 27,000 29,000 31,000 33,000 35,000 37,000 39,000 41,000 43,000 $15,000 17,000 19,000 21,000 23,000 25,000 27,000 29,000 31,000 33,000 35,000 37,000 39,000 41,000 43,000 No limit Applicable Rate of Credit 35% 34% 33% 32% 31% 30% 29% 28% 27% 26% 25% 24% 23% 22% 21% 20%