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I need this answered with explanations please. Julie paid a day care center to watch her two-year-old son while she worked as a computer programmer
I need this answered with explanations please.
Julie paid a day care center to watch her two-year-old son while she worked as a computer programmer for a local startup company. What amount of child and dependent care credit can Julie claim in 2022 in each of the following alternative scenarios? Use Exhibit 8-10 EXHIBIT 8-10 Child and Dependent Care Credit Percentage a. Julie paid $2,000 to the day care center, and her AGI is $50,000 (all salary). b. Julie paid $10,000 to the day care center, and her AGI is $50,000 (all salary). c. Julie paid $4,000 to the day care center, and her AGI is $25,000 (all salary). d. Julie paid $2,000 to the day care center, and her AGI is $14,000 (all salary). e. Julie paid $4,000 to the day care center, and her AGI is $14,000 ( $2,000 salary and $12,000 unearned income). Julie paid a day care center to watch her two-year-old son while she worked as a computer programmer for a local startup company. What amount of child and dependent care credit can Julie claim in 2022 in each of the following alternative scenarios? Use Exhibit 8-10 EXHIBIT 8-10 Child and Dependent Care Credit Percentage a. Julie paid $2,000 to the day care center, and her AGI is $50,000 (all salary). b. Julie paid $10,000 to the day care center, and her AGI is $50,000 (all salary). c. Julie paid $4,000 to the day care center, and her AGI is $25,000 (all salary). d. Julie paid $2,000 to the day care center, and her AGI is $14,000 (all salary). e. Julie paid $4,000 to the day care center, and her AGI is $14,000 ( $2,000 salary and $12,000 unearned income)Step by Step Solution
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