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! Required information [The following information applies to the questions displayed below.) Julie paid a day care center to watch her two-year-old son while she
! Required information [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 start-up 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 a. Julie paid $2,000 to the day care center and her AGI is $50,000 (all salary). Child and dependent care credit EXHIBIT 8-10 Child and Dependent Care Credit Percentage But not over Then the percentage is 50% $125,000 49 If AGI is over $ 0. 125,000 127,000 129,000 181,000 48 127,000 129,000 131,000 183,000 47 21 183,000 400,000 20 400,000 402,000 19 402,000 404,000 18 434,000 436,000 2 436,000 438,000 1 438,000 0 Source: Source: Internal Revenue Code. "$ 21. Expenses For Household And Dependent Care Services Necessary For Gainful Employment." d. Julie paid $2,000 to the day care center and her AGI is $402,000 (all salary). Child and dependent care credit
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