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Exercise 13-17 (Algorithmic) (LO. 4) Ivanna, who has three children under age 13, worked full-time while her spouse, Sergio, was attending college for nine months

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Exercise 13-17 (Algorithmic) (LO. 4) Ivanna, who has three children under age 13, worked full-time while her spouse, Sergio, was attending college for nine months during the year. Ivanna earned $39,900 and incurred $9,825 of child care expenses. Click here to access the percentage chart to us for this problem. Determine Ivanna and Sergio's child and dependent care credit. Exhibit 13.3 Child and Dependent Care Credit Computations Over Adjusted Gross Income But Not Over $15,000 Applicable Rate of Credit 35% 15,000 17.000 17,000 34% 33% 19,000 21,000 23,000 17,000 19,000 21,000 23,000 25,000 27,000 25,000 27,000 29.000

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