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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 worked
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 each of the following alternative scenarios? Use Exhibit 8-9 a. Julie paid $2,060 to the day care center and her AGI is $50,000 (all salary). Child and dependent care credit Required information [The following information applies to the questions displayed below.) Trey has two dependents, his daughters, ages 14 and 17, at year-end. Trey files a joint return with his wife. What amount of child credit will Trey be able to claim for his daughters under each of the following alternative situations? Use Exhibit 8-8. b. His AGI is $422,100. Amount of child tax credit Required information [The following information applies to the questions displayed below.] Trey has two dependents, his daughters, ages 14 and 17, at year-end. Trey files a joint return with his wife. What amount of child credit will Trey be able to claim for his daughters under each of the following alternative situations? Use Exhibit 8-8. c. His AGI is $425,600, and his daughters are ages 10 and 12. Amount of child tax credit
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