Mr. and Mrs. Coulter have four dependent children, ages 1, 4, 7, and 11. Mr. Coulters salary was $21,400, Mrs. Coulters wages totaled $16,200, and the couple had no other income or above-the-line deductions this year. The Coulters paid $3,600 for day care and after-school child care. Assume the taxable year is 2021.

Required:

1. Compute the Coulters child credit.
2. Compute the Coulters dependent care credit.
3. Recompute the Coulters child and dependent care credits if Mr. Coulters salary was $200,000, Mrs. Coulters wages totaled $232,000, and the couple earned $5,700 taxable interest income.

Compute the Coulters child credit.

	Child credit

Compute the Coulters dependent care credit.

	Dependent care credi

Recompute the Coulters child and dependent care credits if Mr. Coulters salary was $200,000, Mrs. Coulters wages totaled $232,000, and the couple earned $5,700 taxable interest income.

	Amount
Child credit
Dependent care credit