EXHIBIT 8-10 Child and Dependent Care Credit Percentage IF AGI is over But not over Then the percentage is $ 0 $125.000 50% 125.000 127,000 49 127.000 129,000 48 129.000 131,000 47 181.000 183,000 21 183.000 400.000 20 400,000 402,000 19 402,000 404,000 18 434,000 436,000 2 436,000 438,000 1 438,000 0 Source: Source: Internal Revenue Code. "$ 21. Expenses For Household And Dependent Care Services Necessary For Gainful Employment." Required information Problem 8-71 (LO 8-4) (Algo) The following information applies to the questions displayed below.) Julle paid a day care center to watch her two-year-old son while she worked as a computer programmer for a local start- up company What amount of child and dependent care credit can Julie claim in 2021 in each of the following alternative scenarios? Use Exhibit 8.10 Problem 8-71 Part-a (Algo) a. Julle paid $2,080 to the day care center and her AGI is $50,800 (all salary) Child and dependent care credit The following information applies to the questions displayed below.) Julle paid a day care center to watch her two-year-old son while she worked as a computer programmer for a local stort up company. What amount of child and dependent care credit con Julie claim in 2021 in each of the following alternative scenarios? Use Exhibit 8-10 Problem 8-71 Part-b (Algo) b. Julle paid $5,200 to the day care center and her AGI is $50,800 (all salary). Child and dependent care credit The following information applies to the questions displayed below) Julie paid a day care center to watch' her two-year-old son while she worked as a computer programmer for a local start- up company. What amount of child and dependent care credit can Julie claim in 2021 in each of the following alternative scenarios? Use Exhibit 8.10 Problem 8-71 Part-c (Algo) c. Julle paid $4,400 to the day care center and her AGI is $125,300 (all salary) Child and dependent care credit (The following information applies to the questions displayed below) Julie paid a day care center to watch' her two-year-old son while she worked as a computer programmer for a local start- up company What amount of child and dependent care credit can Julie claim in 2021 in each of the following alternative scenarios? Use Exhibit 8-10 Problem 8-71 Part-d (Algo) d. Julle paid $2,400 to the day care center and her AGI is $400,300 (all salary) Child and dependent care credit The following information applies to the questions displayed below) Julie paid a day care center to watch her two-year-old son while she worked as a computer programmer for a local start- up company What amount of child and dependent care credit can Julle claim in 2021 in each of the following alternative scenarios? Use Exhibit 8.10 Problem 8-71 Part-e (Algo) e. Julie paid $4,400 to the day care center and her AGI is $14.000 ($2,400 salary and $11,600 unearned income). Child and dependent care credit
