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Harry and Wilma are married and file a joint income tax retum. On their lax return, they report 542,000 of adjusted gross income (320,000 salary

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Harry and Wilma are married and file a joint income tax retum. On their lax return, they report 542,000 of adjusted gross income (320,000 salary earned by Harry and $22,000 salary earned by Wilma) and have two dependent children. During the year, they pay the following amounts to care for their 4 year old son and 6-year old daughter while they work ABC Day Care Center $3,200 Blue Ridge Housekeeping Services 2,000 Mrs. Mason (Harry's mother) 1,000 Harry and Wilma muy claim a credit for child and dependent care expenses of a $1,200 Ob 51,040 OC. $1,260 d. 1840 O.SI,102 Kevin and Sue have two children, gesund 14. They spend 56,200 per year on eligible employment related expenses for the care of their children after school. Kevin eamed a salary of $20,000 and Sue camed a salary of $15,000 What is the amount of the credit for child and dependent care expenses! a. 5690 3750 $1,380 O d. 51.550 e. None of the above Jermaine and Keshare married, file a joint tax return, have Act of 582,500, and have two children. Devena is beginning her freshman year at State University during Fall 2019, and Arethi is beginning her senior year at Northeast University during 2019 afer having completed her junior year during the spring of the year. Both Devata and Arethis we claimed is dependent on their parents tax retum Devena's qualifying tuition expenses and fees total $500 for the full semester, while Arethia's qualifying Duition expenses and fees total 56,200 for each semester during 2019. Full payment is made for the tuition and related expenses for both children during each meet. The American Opportunity credit available to Jermaine and Kesha for 2019 is: 4 $7,500 b. 53,000 c. 55,000

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