Question
Jack meets the love of his life, Jill, and they quickly marry. Jills earned income mirrors Jacks at $37,500, so in 2019, Jack quits working
Jack meets the love of his life, Jill, and they quickly marry. Jill’s earned income mirrors Jack’s at $37,500, so in 2019, Jack quits working and stays home to play video games. If Jack and Jill are MFJ with AGI of $37,500 in 2019, and Jack’s daughter continues to incur $5,000 in dependent care expenses, how much will their dependent care credit be? Show your work or explain your answer.
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Financial Management Principles and Applications
Authors: Sheridan Titman, Arthur Keown, John Martin
12th edition
133423824, 978-0133423822
