Question
It's a taxation course Taylor hardly and his wife Cindy 3 children. At the end of 2019, their ages are as -Daughter Lori is 4
It's a taxation course
Taylor hardly and his wife Cindy 3 children. At the end of 2019, their ages are as
-Daughter Lori is 4 years old
-Son jack is 8 years old and qualifies for the disability tax credit
-Son bob is 14 years old
None of the children have any income of their own
Taylor is a very successful accountant with net business income in 2019 of $216000.Lori works part-time in retail- her gross 2019 employment income is $24000.
Both Taylt and cindy spend a considerable amount of time at their work because employ a full-time person to care for the children. The cost for this care is $12480 (48 weeks)
During the 4-week period in the summer, when they do not employ the child attend a music camp. The cost for the camp is $2000 per week, per children.
In January 2019, Cindy slipped on an icy sidewalk and broke both her ankle accident, she spent 3 weeks in hospital.
a)What is taylor's childcare expense deduction for 2019
b)What is cindy's childcare expense deduction for 2019
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