Megan and Carlos are married, file a joint return and have two son, Guzmn (10 months) and Marinda (10 years). Megan has earned income of $98,800 and Carlos $60,000. They paid a qualified child care center for Guzmn, $5,000 during 2022.

They also paid in January 2022, $5,000 for the documents for Guzmn's adoption. What is the credit that Megan and Carlos can take for the care of the children, the credit for child and the adoption credit. They do not have other additional credits to those mentioned above. They have $5,300 for AGI Deductions.

During the year 2022 they filled out their tax return and took the standard deduction and had taxes withheld for $8,530. Using the formula as for Megan and Carlos, the IRS refunds you or they have to pay. Take into consideration everything you have learned in your course so far, remember to show the procedure to arrive at your answer.