What amount of child and dependent care credit

Assignment Help Financial Management

Reference no: EM131882325

Julie paid a day care center to watch her two-year-old son while she worked as a computer programmer for a local start-up company.

What amount of child and dependent care credit can Julie claim in each of the following alternative scenarios?

a. Julie paid $2,000 to the day care center and her AGI is $50,000 (all salary).

b. Julie paid $5,000 to the day care center and her AGI is $50,000 (all salary).

c. Julie paid $4,000 to the day care center and her AGI is $25,000 (all salary).

d. Julie paid $2,000 to the day care center and her AGI is $14,000 (all salary).

e. Julie paid $4,000 to the day care center and her AGI is $14,000 ($2,000 salary and $12,000 unearned income).

Reference no: EM131882325

Questions Cloud

What is the probability there are no thefts in a minute : What is the probability there are no thefts in a minute? You should use the finite population correction factor for this problem.

Describe follow-up schedule you will use with your mentee : Describe the follow-up schedule you will use with your mentee. Does it support the activities listed in the Individual Development Plan?

What are the equivalent units : Leynard Inc. manufactures desks. The following data was given for production in February: units started 200. What are the equivalent units

Probability of getting the sample proportion : What is the probability of getting the sample proportion that she obtained (or one that is lower) if the true population proportion is .60?

What amount of child and dependent care credit : What amount of child and dependent care credit can Julie claim in each of the following alternative scenarios?

What special needs or challenges were discussed in article : During the middle school years, differences in learning and cognitive ability become more obvious for some children.

Estimate the current proportion of individuals : What sample size would you recommend if the committee's goal is to estimate the current proportion of individuals without health care insurance

The data from the budget of ritewell publishers : The following table lists the data from the budget of Ritewell Publishers. The company pays all its credit purchase with a one-month delay.

Estimate the standard error of the ratio : Michael Gordon, a professional basketball player, threw 200 penalty shots and scored 174 of them.

User Account

All Pages