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In 2021, Ivanna, who has three children under age 13, worked full-time while her spouse, Sergio, was attending college for nine months during the year.
In 2021, Ivanna, who has three children under age 13, worked full-time while her spouse, Sergio, was attending college for nine months during the year. Ivanna earned $38,700 and incurred $9,975 of child care expenses. Click here to access the percentage chart to us for this problem. Determine Ivanna and Sergio's child and dependent care credit.
In 2021, Ivanna, who has three children under age 13, worked full-time while her spouse, Sergio, was attending college for nine months during the year. Ivanna earned $38,700 and incurred $9,975 of child care expenses. Click here to access the percentage chart to us for this problem. Determine Ivanna and Sergio's child and dependent care credit. $ Exhibit 13.3 2021 Child and Dependent Care Credit Computations Credit Rate Adjusted Gross Income Over But Not Over $ 0 $125,000 125,000 127,000 127,000 129,000 129,000 131,000 131,000 133,000 133,000 135,000 135,000 137,000 137,000 139,000 139,000 141,000 141,000 143,000 143,000 145,000 145,000 147,000 147,000 149,000 149,000 151,000 151,000 153,000 153,000 155,000 5096 4996 4896 47% 4696 4596 4496 4396 42% 4196 40% 3996 38% 3796 3696 3596 Adjusted Gross Income Over But Not Over $155,000 $157,000 157,000 159,000 159,000 161,000 161,000 163,000 163,000 165,000 165,000 167,000 167,000 169,000 169,000 171,000 171,000 173,000 173,000 175,000 175,000 177,000 177,000 179,000 179,000 181,000 181,000 183,000 183,000 400,000 400,000 Credit Rate 34% 3396 3296 31% 3096 2996 2896 27% 2696 2596 2496 2396 2296 21% 2096 Step by Step Solution
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