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Sam and Megan are married with two dependent children. Both Sam and Megan work, earning $50,000 and $55,000, respectively. Their AGI totals $110,000. They incur

Sam and Megan are married with two dependent children. Both Sam and Megan work, earning $50,000 and $55,000, respectively. Their AGI totals $110,000. They incur $6,500 of qualifying child care expenses of which $2,500 is reimbursed by Megan's dependent care program at work.

What is the amount of their child and dependent care credit? (Show calculation)

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