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Jim and Mary Jean are married and have two dependent children under the age of 13. Both parents are gainfully employed and during 2022, earn

Jim and Mary Jean are married and have two dependent children under the age of 13. Both parents are gainfully employed and during 2022, 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.

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

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