Problem $7-10$

Earned Income Credit, Child and Dependent Care Credit $($LO $7\mathrm{.}2,7\mathrm{.}3)$

Clarita is an unmarried taxpayer with two dependent children, ages $10$ and $12.$ Clarita pays $$3,000$ in qualified child care expense

CHILD AND DEPENDENT CARE CREDIT PERCENTAGES

Adjusted Gross Income

Over

$$0-$ $$15,000$

$15,000-17,000$

$17,000-19,000$

$19,000-2$i$,000$

$21,000-23,000$

$23,000-25,000$

$25,000-27,000$

$27,000-29,000$

$29,000-31,000$

$31,000-33,000$

$33,000-35,000$

$35,000-37,000$

$37,000-39,000$

$39,000-41,000$

Applicable Percentage

But Not Over

$35\%$

$34\%$

$33\%$

$32\%$

$31\%$

$30\%$

$29\%$

$28\%$

$27\%$

$26\%$

$25\%$

$24\%$

$23\%$

$22\%$