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Please use attached chart Required information The following information applies to the questions displayed below.) Jack pald a day care center to watch his two-year-old
Please use attached chart
Required information The following information applies to the questions displayed below.) Jack pald a day care center to watch his two-year-old son while he worked as a computer programmer for a local start-up company. What amount of child and dependent care credit can Jack claim in 2021 in each of the following alternative scenarios? Use Exhibit 8-10 a. Jack paid $6,200 to the day care center and his AG is $125,000 (all salary). Child and dependent care credit Required information The following information applies to the questions displayed below.) Jack paid a day care center to watch his two-year-old son while he worked as a computer programmer for a local start-up company. What amount of child and dependent care credit can Jack claim in 2021 in each of the following alternative scenarios? Use Exhibit 8-10 b. Jack paid $6,200 to the day care center and his AGI is $14,000 ($4,200 salary and $9,800 unearned income). Child and dependent care credit EXHIBIT 8-10 Child and Dependent Care Credit Percentage If AGI is over But not over Then the percentage is $ 0 $125,000 50% 125,000 127,000 49 127,000 129,000 48 129.000 131,000 47 181,000 183.poo 21 183,000 400,000 20 400,000 402,000 19 402,000 404,000 18 434,000 436,000 2 436,000 438,000 1 438,000 0 Source: Source: Internal Revenue Code. "& 21. Expenses For Household And Dependent Care Services No Step by Step Solution
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