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Required information [The following information applies to the questions displayed below.] Jack paid a day care center to watch his two-year-old son while he worked

Required information [The following information applies to the questions displayed below.] Jack paid a day care center to watch his two-year-old son while he worked as a computer programmer for a local start-up company. What amount of child and dependent care credit can Jack claim in 2021 in each of the following alternative scenarios? Use Exhibit 8-10 a. Jack paid $5,400 to the day care center and his AGI is $126,300 (all salary). Child and dependent care credit Required information [The following information applies to the questions displayed below.] Jack paid a day care center to watch his two-year-old son while he worked as a computer programmer for a local start-up company. What amount of child and dependent care credit can Jack claim in 2021 in each of the following alternative scenarios? Use Exhibit 8-10 b. Jack paid $5,400 to the day care center and his AGI is $14,000 ($3,400 salary and $10,600 unearned income). Child and dependent care credit EXHIBIT 8-10 Child and Dependent Care Credit Percentage If AGI is over But not over Then the percentage is $ 0 $125,000 50% 125,000 127,000 49 127,000 129,000 48 129,000 131,000 47 181,000 183,000 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 Serv

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