b. Raymond and Michele file a joint tax return. Raymond earned $83,000 during the year, while Michele earned $139,000 for the year from a part-time job. They p $17,000 for the care of their two children under age 13. X Feedback Check My Work Incorrect c. Beth is a single taxpayer who has two dependent children under age 5 . Beth earned $425,500 in wages during the year and paid $26,700 for the care of her children. X Child and Dependent Care Credit (LO 7.3) Calculate the amount of the child and dependent care credit allowed before any tax liability limitations or other credits for 2021 in each of the following cases, assuming the taxpayers had no income other than the stated amounts. a. William and Carla file a joint tax return. Carla earned $27,500 during the year, while William attended law school full-time for 9 months and earned no income. They paid $3,500 for the care of their 3 -year-old child, Carl. Round your answer to the nearest whole dollar. X Feedback Theck My Work Taxpayers are allowed a credit for expenses for the care of their children and certain other dependents. To be eligible for the child and dependent care credit, the dependent must either be under the age of 13 or be a dependent or spouse of any age who is incapable of self-care. If a child's parents are divorced, the child need not be the dependent of the taxpayer claiming the credit, but the child must live with that parent more than he or she lives with the other parent. The child and dependent care credit is equal to statutory percent of the qualified expenses that decreases as adjusted gross income increases. In determining the credit, the maximum amount of qualified expenses, to which the applicable percentage is applied, is $8,000 for one dependent and $16,000 for two or more dependents. b. Raymond and Michele file a joint tax return. Raymond earned $83,000 during the year, while Michele earned $139,000 for the year from a part-time job. They pai $17,000 for the care of their two children under age 13. x