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* 8. Child and Dependent Care Credit and Form 2441. (Objs. 2 and 4) Denise (SSN 182-90-0113) and Marcus Anders claim their two children, David
* 8. Child and Dependent Care Credit and Form 2441. (Objs. 2 and 4) Denise (SSN 182-90-0113) and Marcus Anders claim their two children, David (SSN 392-40-7417, age 7) and Stacy (SSN 813-20-4444, age 11), as dependents. During the year, Denise worked full-time and earned $38,200. Marcus was a full-time student at the local college for 9 months during the year. The Anders paid Tanya McCully (SSN 921-44-0122) $5,500 for qualified childcare expenses that allowed Denise to work and Marcus to attend college. Tanya lives at 130 N. Main Street, Unit B, Memphis, TN 37501. a. Compute the Anders's child and dependent care credit if their AGI is $38,710. b. How, if at all, would your answer to Part a. change if Marcus attended college full-time for five months during the spring semester, but only took classes part-time in the fall? C. Prepare Form 2441 for the Anders from Part b. The Anders's tax liability limit is $981. * 8. Child and Dependent Care Credit and Form 2441. (Objs. 2 and 4) Denise (SSN 182-90-0113) and Marcus Anders claim their two children, David (SSN 392-40-7417, age 7) and Stacy (SSN 813-20-4444, age 11), as dependents. During the year, Denise worked full-time and earned $38,200. Marcus was a full-time student at the local college for 9 months during the year. The Anders paid Tanya McCully (SSN 921-44-0122) $5,500 for qualified childcare expenses that allowed Denise to work and Marcus to attend college. Tanya lives at 130 N. Main Street, Unit B, Memphis, TN 37501. a. Compute the Anders's child and dependent care credit if their AGI is $38,710. b. How, if at all, would your answer to Part a. change if Marcus attended college full-time for five months during the spring semester, but only took classes part-time in the fall? C. Prepare Form 2441 for the Anders from Part b. The Anders's tax liability limit is $981
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