Problem $7-11$

Earned Income Credit, Child and Dependent Care Credit $($L$07\mathrm{.}2,7\mathrm{.}3)$

Clarita is a single taxpayer that lives in the U$.$S$.$ with two dependent children, ages $10$ and $12.$ Clarita pays $$3,000$ in qualified child care expenses during the year.

CHILD AND DEPENDENT CARE CREDIT PERCENTAGES

Adjusted Gross Income

If her adjusted gross income $($all from wages$)$ for the year is $$70,000$ and she takes the standard deduction, calculate Clarita's

child tax credit, eamed income credit, and child and dependent care credit for $2023.$

Click here to view the Earned Income Credit table.

Click here to access the tax table for this problem.

Clarita's taxable income is $q$

with a tax liability, pre$-$credit,

of $

$.$ Her credits are computed below:

Child Tax Credit

Child and dependent expense care credit

Earned income credit

The total credits equal $