Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Vivian has three-year-old twins. Vivian uses a local daycare center for her twins, so she can go to work Monday - Friday Vivian pays a

image text in transcribed
image text in transcribed
Vivian has three-year-old twins. Vivian uses a local daycare center for her twins, so she can go to work Monday - Friday Vivian pays a total of 56,480 for child care for the year this total is for both kids combined). What is the amount of Vivian's child and dependent care credit if her AGI for the year was $37,800? (Exhibit8-9) Multiple Choice 6.000 EXHIBIT 8-9 Child and Dependent Care Credit Porcentage If AGI is over But not over Then the percentage is S 15.000 35% 15,000 17.000 17,000 19,000 19.000 21.000 21.000 23.000 23,000 25.000 25.000 27.000 27.000 29.000 29.000 31.000 31.000 33.000 33.000 35,000 35.000 37.000 37.000 39.000 39,000 41,000 41,000 43.000 43.000 No limit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Collaborative Auditing

Authors: James Pelletier, Yuki Matsuura

2nd Edition

ISBN: 0894139606, 9780894139604

More Books

Students also viewed these Accounting questions

Question

What is cultural tourism and why is it growing?

Answered: 1 week ago

Question

Know why employees turn to unions

Answered: 1 week ago

Question

Understand the process of effective succession planning

Answered: 1 week ago

Question

Understand the history of unionization

Answered: 1 week ago