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Tim and Martha paid $7.400 in qualified employment-related expenses for their three young children, who live with them in their household. Martha received $2.600 of
Tim and Martha paid $7.400 in qualified employment-related expenses for their three young children, who live with them in their household. Martha received $2.600 of dependent care assistance from her employer, which was properly excluded from gross income. The couple had $42.600 of AGI earned equally Use Child and Dependent Care Credt AGl schedule a. What amount of child and dependent care tax credit can they claim on their Form 1040? b. How would your answer differ (if at all) if the couple had AGI of $36,500 that was earned entirely by Tim? a. Child and dependent care tax credt b. Child and dependent care tax credit nces
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