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James and Manju are married. The cost of childcare expenses for three eligible children (ages 4, 5, and 9) was $275 per week for 52
James and Manju are married. The cost of childcare expenses for three eligible children (ages 4, 5, and 9) was $275 per week for 52 weeks.
Jamess earned income ........................................................................... $75,000
Manjus earned income .......................................................................... 20,000
REQUIRED: Compute the childcare expense deduction under section 63 for 2022.
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