Discuss the amount of child and dependent care credit

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Your supervisor has asked you to research the following situation concerning Scott and Heather Moore. Scott and Heather are married and file a joint return. Scott works full-time as a wildlife biologist, and Heather is a full-time student enrolled at Online University. Scott's earned income for the year is $36,000. Heather does not have a job and concentrates solely on her schoolwork. The university she is enrolled in offers courses only through the Internet. Scott and Heather have one child, Elizabeth (age 8), and pay $3,000 for child care expenses during the year.

Required:

Problem 1: Go to the IRS website (www.irs.gov). Locate and review Publication 503. Please explain the amount of child and dependent care credit that Scott and Heather Moore can claim.

Reference no: EM132702301

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