Amount of the child and dependent care credit

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Reference no: EM13150651

Robert and Mary file a joint tax return for 2008, with adjusted gross income of $33,000. Robert and Mary earned income of $20,000 and $12,000 respectively, during 2008. In order for Mary to be gainfully employed, they pay the following child care expenses for their 4-year-old son, John:

Union Day Care Center $1,500

Wilma, baby sitter (Robert's mother) 1,000

What is the amount of the child and dependent care credit they should report on their tax return for 2008?

a. $390

b. $260

c. $650

d. $625

e. None of the above

Reference no: EM13150651

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