Herbert and Wendy are Married Filing Jointly taxpayers. During 2020, they each made $40,000 in W2 wages (total $80,000). They also have a joint investment account. The investment account reported on a 1099-DIV the payment of Ordinary dividends of $1,200 and qualified dividends of $800. In the material attached to the 1099-DIV, the documents reported that $600 of the ordinary dividends and $400 of the qualified dividends were from foreign of various sources. It also reported foreign taxes paid of $35.

The couple has 3 dependents: Wyatt - 18 months old, Emily 7 years old. And Kate 19 years old. Kate is a Sophomore (full-time student) at UW-Whitewater. Kates 1098T from the University shows her tuition (all paid) was $8,500 and she had a scholarship of $2,000. Kate has never had any trouble with the police. Additionally, the couple paid $4,500 for child care for Wyatt during the year. Calculate Herbert and Wendys tax credits for the year. (SHOW YOUR WORK)