Nell sells a passive activity with an adjusted basis of $45,000 for $105,000. Suspended losses attributable to this property total $45,000. The total gain and the taxable gain are:

$60,000 total gain; $105,000 taxable gain.

$10,000 total gain; $15,000 taxable gain.

$60,000 total gain; $0 taxable gain.

$60,000 total gain; $15,000 taxable gain.

Kevin and Shuang have two children, ages 8 and 14. In 2023 they spend $6,400 on eligible employment related expenses for the care of their children after school. Kevin earned a salary of $15,200 and Shuang earned a salary of $68,000. What is the amount of the couple's credit for child and dependent care expenses for 2023?

$600

$620

$1,200

$1,280