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Ming and Nancy are married, both gainfully employed, and have two children who are three and six years old. Mings salary is $35,000 while Nancys

  1. Ming and Nancy are married, both gainfully employed, and have two children who are three and six years old. Mings salary is $35,000 while Nancys is $40,000. During the year, they spend $7,000 for child care expenses that are required so they can work outside the home.

Calculate the couple's credit for child and dependent care expenses.

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