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Paul and Karen Kent are married, and both are employed (Paul earns $44,000 and Karen earns $9,000 during 2021). Paul and Karen have two dependent

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Paul and Karen Kent are married, and both are employed (Paul earns $44,000 and Karen earns $9,000 during 2021). Paul and Karen have two dependent children, both under the age of 13 (Samuel and Joy). In order to work, Paul and Karen pay $3,800($1,900 for each child) to Sunnyside Day Care Center (422 Sycamore Road, Fort Worth, TX 76028; Employer Identification Number: 11-2345678) to care for their children while they are working. Click to view Applicable Rate of Credit based on Adjusted Gross Income. Assuming that Paul and Karen file a foint return, what, if any, is their tax credit for child and dependent care expenses? x. Exercise 10-11 (Algorithmic) (10.3) In 2021, Santiago and Amy are married and file a joint tax retum claiming their three children, ages 8, 14, and 23, as dependents. All parties are U.S. citizens. The couple's AGI is $145,800. Santiago and Amy's child tax credit for 2021 is ; X and dependent tax credit is \& Casper and Cedie divorced in 2018. As part of the divorce settlement, Casper transferred stock to Cecile. Casper purchased the stock for $155,000, and it had a market value of $248,000 on the date of the transfer. Cecile sold the stock for $217,000 a month after recelving it. In addition. Casper is required to pay Cecile $7,750 a month in alimony. He made five payments to her during the year. What are the tax consequences for Casper and Cecile regarding these transactions? If an amount is zero, enter " 0 ". a. How much gain or loss does Casper recoonize on the transfor of the stock? b. Does Casper recelve a deduction for the $38,750 alimony paid? c. How much income does Cecile have from the $38,750 alimony received? d. When Cecile selis the stock, how much gain or loss does she report? Cecile will report a

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