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Sarah has two dependent children who attend Sun Valley Day Care while she is at work. She will claim a $1,200 credit for child and
Sarah has two dependent children who attend Sun Valley Day Care while she is at work. She will claim a $1,200 credit for child and dependent care expenses in the current tax year. What amount of deduction would be necessary to provide a tax benefit that is equal to that provided by the child care credit if Sarah is in the 24% marginal income tax bracket? Group of answer choices $288 $1,579 $5,000 $5,579
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