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Ms. Gleason, an unmarried taxpayer, had the following income items: Salary Net income from a rental house $41,200 2,230 Ms. Gleason has a four-year-old son
Ms. Gleason, an unmarried taxpayer, had the following income items: Salary Net income from a rental house $41,200 2,230 Ms. Gleason has a four-year-old son who attends a day care center while she is at work. Ms. Gleason paid $4,010 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 2020. Use Individual Tax Rate Schedules and Standard Deduction Table. (Round your intermediate computations to the nearest whole dollar amount.) Amount Child Credit $ 2,000 $ 600 Dependent Credit Income tax 0
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