In 2022, Paul and Karen Kent are married, and both are employed (Paul earned $85,000 and Karen earned $3,000 in 2022). Paul and Karen have two dependent children, Samuel and Joy, both under the age of 13. Paul and Karen pay $4,000 ($2,000 for each child) for daycare.

Assuming that Paul and Karen file a joint return, what, if any, is their tax credit for child and dependent care expenses?

$4,000

$3,000

$1,500

$600

$300

__________

Joe spent four years earning his undergraduate degree at ODU. He is now in medical school at EVMS. Which education credit is Joe eligible for in the current year?

American Opportunity credit.

Lifetime learning credit.

Earned income credit.

Hope credit.

Continuing professional education credit.