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Tim and Martha paid $7,800 in qualified employment-related expenses for their three young children who live with them in their household. Martha received $3,000 of

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Tim and Martha paid $7,800 in qualified employment-related expenses for their three young children who live with them in their household. Martha received $3,000 of dependent care assistance from her employer, which was properly excluded from gross income. The couple had $43,000 of AGI earned equally. Use Child and Dependent Care Credit AGI schedule. Required: a. What amount of child and dependent care credit can they claim on their Form 1040? b. How would your answer differ (if at all) if the couple had AGI of $36,100 that was earned entirely by Martha? Amounts a. Child and dependent care tax credit b. Child and dependent care tax credit $ 0 st 8 MacBook Air

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