Jim and Mary Jean are married and have two dependent children under the age of 13. Both parents are employed outside the home and, during 2021, earn salaries as follows: $130,000 (Jim) and $5,200 (Mary Jean). To care for their children while they work, they pay Eleanor (Jim's mother) $5,600. Eleanor does not qualify as a dependent of Jim and Mary Jean. Click to view Applicable Rate of Credit based on Adjusted Gross Income. Assuming that Jim and Mary Jean file a joint tax return, what, if any, is their credit for child and dependent care expenses? 135,200 X Feedback Check My Work A credit is allowed to taxpayers who incur employment-related expenses for child or dependent care. The credit for child and depend care expenses is a specified percentage of expenses incurred to enable the taxpayer to work or to seek employment. Expenses on v the credit for child and dependent care expenses is based are subject to limitations