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Question 3 (1 point) Individual A is married to Individual B. Individual A and Individual B live in a house with their 2 children.
Question 3 (1 point) Individual A is married to Individual B. Individual A and Individual B live in a house with their 2 children. At the end of 2020, one of the children is 14 years old and the other child is 12 years old. In 2020, $11,572 is spent on child care for the children. Individual A had gross employment income of $112,038 in 2020 and Individual B had gross employment income of $48,725 in 2020. What is the gross amount of the maximum deduction available to Individual B for the child care expenses paid in 2020? (i.e. what is the increase (decrease) in taxable income in 2020 resulting from the above information?) Enter an increase in taxable income as a positive number, enter a decrease in taxable income as a negative number, enter the number zero (i.e. enter "O") if there is no change. Round your answer to the nearest dollar and do not enter any symbols. For example, if your answer is a decrease in taxable income of $5,555, enter the following:-5555 Your Answer:
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