Solution-Compute the amount of their child and dependent

Compute the amount of their child and dependent care credit

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Reference no: EM133096092

Question - Child and Dependent Care Credit Their AGI totals $110,000.

Sam and Megan are married with two dependent children ages 12 and 14. Both Sam and Megan work, earning $50,000 and $55,000 respectively. They incur $6,500 of qualifying child care expenses of which $2,500 is reimbursed by Megan's dependent care program at work. Compute the amount of their child and dependent care credit.

Reference no: EM133096092

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Compute the amount of their child and dependent care credit

Reference no: EM133096092

Reference no: EM133096092

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