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Please help. Problem 1 : Chapter 9 ; Child Care Deduction Instructions: Both Mr . Byrd and Mrs . Byrd are employed. During 2 0
Please help.
Problem : Chapter ; Child Care Deduction
Instructions:
Both Mr Byrd and Mrs Byrd are employed. During Mr Byrd had opened a restaurant and had business
income of $ Mr Byrd also had net employment income of $ after deducting $ of employment
deductions. He also had $ of interest income. Ms Byrd had gross employment income of $ which
included taxable benefits of $ She also had $ of dividend income. Since they both had to work long
hours, they had to pay for care of their children.
They have four children: Clarence years old and eligible for the disability tax credit Ida years old Gary
years old and Pearson years old
Payments for childcare during the year amounted to $ per week for weeks of the year. Additionally, they
sent Clarence, Ida, and Gary to overnight summer camp for weeks each, and paid $ total for this camp.
Also during the current year, there was a period of weeks during which Mr Byrd was hospitalized due to injuries
suffered during a hockey game.
Required: Determine the maximum amount that can be deducted by Mr and Mrs Byrd for the year ending
December for child care expenses. Final answers to each step should be filled in the yellow boxes on the
P Response" tab. Show any extra work or notes in the green space provided on the PResponse" tab.
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