What amount of child and dependent care tax credit

Assignment Help Finance Basics

Reference no: EM13299062

John and Mary paid $7900 in qualified employment-related expenses for their three young children eho live with them in thier household. Mary received $1,800 of dependent care assistance from her employer, which was properly excluded from gross income. The couple had $5,700 of AGI earned by both equally. What amount of child and dependent care tax credit can they claim on their Form 1040? How would it differ if the couple had an AGI of $36,00 earned entirely by John.

Reference no: EM13299062

Questions Cloud

What is the amount of qualifying expenses for the purpose : What is the amount of qualifying expenses for the purpose of the Hope Credit? What is the amount of the Hope Credit that John and Mary can claim based on their AGI?

State the entropy of a collection of molecules : If the entropy of a collection of molecules in 50,000 boxes is 3.73E-20 J/K, how many molecules are there

Find modulus of elasticity of pavement for corner deflection : The pavement is on a base which has a modulus of subgrade reaction of 250 pci. A 17,000 lb corner load is applied (al is 7 inches). Using the revised Westergaard equations, find the modulus of elasticity of the pavement if a corner deflection of 0..

What is the angular speed of the runner : A runner on a 100-m diameter circular track complete a full lap in 80s. What is the angular speed of the runner

What amount of child and dependent care tax credit : What amount of child and dependent care tax credit can they claim on their Form 1040? How would it differ if the couple had an AGI of $36,00 earned entirely by John.

What is the force they exert on one another : Two charges are held 0.5 m apart and exert a force of 32 N on one another. what is the force they exert on one another

Explain the solution in oder to have a buffer system : Consider titrating 15.0ml of a .245M solution of hydazine, H2NNH2, with a .453M HCl solution. The Kb value for hydrazine is 1.3x10^-6 b) what volume of HCl needs to be added to the solution in oder to have a bffer system with the maximum capacity ..

Explain 5 reasons for specialisation : Explain 5 reasons for specialisation

Which system should the firm choose : Whichever system is chosen, it will not be replaced when it wears out. If the tax rate is 34 percent adn the discount rate is 11 percent, which system should the firm choose?

User Account

All Pages