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Mr. Rapido and Mr. Ergo have three children that they have adopted together. The ages of the children are 4, 9 and 14, and are
Mr. Rapido and Mr. Ergo have three children that they have adopted together. The ages of the children are 4, 9 and 14, and are all in good mental and physical health. During the current year,
Mr. Rapido has net employment income of $15,000, after the deduction of employment
expenses of $5,000. Mr Ergo has net business income during this period of $55,000 after deducting business expenses of $20,000. The child care costs for the current year are $11,200.
Determine the maximum deduction for childcare costs and indicate who should claim them.
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