Question
Problem 8-71 (LO 8-4) (Algo) Julie paid a day care center to watch her two-year-old son while she worked as a computer programmer for a
Problem 8-71 (LO 8-4) (Algo) 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 2022 in each of the following alternative scenarios? Use Exhibit 8-10
Required:
A.) Julie paid $2,440 to the day care center, and her AGI is $50,400 (all salary).
B.) Julie paid $6,100 to the day care center, and her AGI is $50,400 (all salary).
C.) Julie paid $6,200 to the day care center, and her AGI is $24,600 (all salary).
D.) Julie paid $2,000 to the day care center, and her AGI is $14,000 (all salary).
E.) Julie paid $6,200 to the day care center, and her AGI is $14,000 ($4,200 salary and $9,800 unearned income).
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started