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Harry and Wei are married and file a joint income tax return. On their tax return, they report $44,000 of adjusted gross income ($20,000 salary
Harry and Wei are married and file a joint income tax return. On their tax return, they report $44,000 of adjusted gross income ($20,000 salary earned by Harry and $24,000 salary earned by Wei) and report two dependent children. During the year, they pay the following amounts to care for their four-year old son and six-year old daughter while they work.
ABC Day Care Center | $5,200 |
|
|
Mindy Mason (Harrys mother) | 1,000 |
Harry and Wei may claim a credit for child and dependent care expenses of:
$840 | ||
$1,200 | ||
$1,040 | ||
None of these | ||
$1,240 |
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