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Juan Carlos and Roberta Rodriguez have four dependent children, ages 1, 4, 7, and 11. Juan Carloss salary was $16,200, Robertas wages totaled $21,400. The
Juan Carlos and Roberta Rodriguez have four dependent children, ages 1, 4, 7, and 11. Juan Carloss salary was $16,200, Robertas wages totaled $21,400. The couple had no other income or above-the-line deductions this year. The Rodriguezs paid $3,600 for day care and after-school child care. Assume the taxable year is 2023.
Required:
- Compute the Rodriguezs child credit.
- Compute the Rodriguezs dependent care credit.
- Recompute the Rodriguezs child and dependent care credits if Robertas salary was $200,000, Juan Carloss wages totaled $232,000, and the couple earned $5,700 taxable interest income.
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