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Problem 8-71 (LO 8-4) (Algo) [The following information applies to the questions displayed below.] Julie paid a day care center to watch her two-year-old son
Problem 8-71 (LO 8-4) (Algo) [The following information applies to the questions displayed below.] Julie paid a day care center to watch her two-year-old son while she worked as a computer programmer for a local startup company. What amount of child and dependent care credit can Julie claim in 2021 in each of the following alternative scenarios? Use Exhibit 8-10 Problem 8-71 Part-a (Algo) a. Julie paid $2,260 to the day care center and her AGI is $52,600 (all salary). b. Julie paid $5,650 to the day care center and her AGI is $52,600 (all salary). c. Julie paid $5,300 to the day care center and her AGI is $126,200 (all salary). d. Julie paid $3,300 to the day care center and her AGI is $401,200 (all salary). e. Julie paid $5,300 to the day care center and her AGI is $14,000 ( $3,300 salary and $10,700 unearned income) EXHIBIT 8-10 Child and Dependent Care Credit Percentage
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