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PLEASE HELP WILL GIVE THUMBS UP 13. Julie paid a day care center to watch her two-year-old son while she worked as a computer programmer
PLEASE HELP WILL GIVE THUMBS UP
13. Julie paid a day care center to watch her two-year-old son while she worked as a computer programmer for a local start-up company.
What amount of child and dependent care credit can Julie claim in 2023 in each of the following alternative scenarios?
Julie paid $4,200 to the day care center, and her AGI is $14,000 ($2,200 salary and $11,800 unearned income).
EXHIBIT 8-9 Child and Dependent Care Credit Percentage
If AGI is over | But not over | Then the percentage is |
---|---|---|
0 | $ 15,000 | 35% |
15,000 | 17,000 | 34 |
17,000 | 19,000 | 33 |
19,000 | 21,000 | 32 |
21,000 | 23,000 | 31 |
23,000 | 25,000 | 30 |
25,000 | 27,000 | 29 |
27,000 | 29,000 | 28 |
29,000 | 31,000 | 27 |
31,000 | 33,000 | 26 |
33,000 | 35,000 | 25 |
35,000 | 37,000 | 24 |
37,000 | 39,000 | 23 |
39,000 | 41,000 | 22 |
41,000 | 43,000 | 21 |
43,000 | No limit | 20 |
thank you
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