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Problem 9-46 (LO 9-11 Tim and Martha paid $5.900 in qualified employment-related expenses for their three young children who live with them in their household.

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Problem 9-46 (LO 9-11 Tim and Martha paid $5.900 in qualified employment-related expenses for their three young children who live with them in their household. Martha received $1100 of dependent care assistance from her employer, which was properly excluded from gross income. The couple had $39,100 of AGI earned equally. Use Child and Dependent Care Credit AG schedule Required: a. What amount of child and dependent care credit can they claim on their Form 1040? b. How would your answer differ (if at all) if the couple had AGI of $38,000 that was earned entirely by Martha? Amounts a child and dependent care tax credit b. Child and dependent care tax credit

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