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Terrence and Alex have four children ages 3, 5, 7 and 12. Both of them work full time with Terrence earning $75,000 and Alex earning
Terrence and Alex have four children ages 3, 5, 7 and 12. Both of them work full time with Terrence earning $75,000 and Alex earning $100,000 this year. Child care expenses included a nanny at $290 per week for 50 weeks and summer camp for four weeks at a cost of $265 per week per child. Calculate the maximum child care that may be claimed by Terrence
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