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Ms. Gleason, an unmarried taxpayer, had the following income items: Salary Net income from a rental house $ 40,000 3,200 Ms. Gleason has a
Ms. Gleason, an unmarried taxpayer, had the following income items: Salary Net income from a rental house $ 40,000 3,200 Ms. Gleason has a four-year-old son who attends a day care center while she is at work. Ms. Gleason paid $4.380 to this center and has no itemized deductions. Required: Compute Child Credit. Dependent Credit, and her income tax after these two credits. Assume the taxable year is 2021. Use Individual Tax Rate Schedules and Standard Deduction Table. (Round your Intermediate computations to the nearest whole dollar amount.) Answer is complete but not entirely correct. Amount Child Credit $ 2.000 Dependent Credit S 600X Income tax S 105
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