Vivian is a single taxpayer with two children who qualify for the child and dependent care credit.

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Vivian is a single taxpayer with two children who qualify for the child and dependent care credit. She incurred $7,000 of qualifying child care expenses during the current year. She also received $4,000 in reimbursements from her employer from a qualified employee dependent care assistance program. What is the maximum child and dependent care credit available to Vivian if her AGI is $24,500?
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Federal Taxation 2016 Comprehensive

ISBN: 9780134104379

29th Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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