Question
Homer and Marge Sampson have three children. The ages of the children are 4, 9 and 14. None of the children are infirm nor disabled.
Homer and Marge Sampson have three children. The ages of the children are 4, 9 and 14. None of the children are infirm nor disabled. Homer has net employment income of $17,696, after the deduction of employment expenses of $8,439. Marge has net business income during the year of $46,362 after deducting business expenses of $20,000. The childcare costs for the year are $9,516.
What is the maximum deduction for child care costs that can be claimed (you do not need to indicate which spouse claims the costs; just indicate the maximum dollar amount that can be claimed)
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