Reference no: EM132385558

Question

1. Mr. Bently works and maintains a home for himself, his wife, and their two children. During the current year, Mr. Bently had earned income of $50,000. They file a joint return and have itemized deductions of $8,200. Mrs. Bently was a full-time student for 5 months in the current year and had no earned income. They paid $3,000 of qualified work-related expenses while Mrs. Bently was a student. What is the amount of child and dependent care credit for the current year?

2. Mr. and Mrs. Donegan are filing a joint return for the current year. Mr. Donegan was employed the full year. Mrs. Donegan was a full-time student for 9 months and was not employed at any time during the year. For the 9 months that Mrs. Donegan was a student, she paid $500 per month to a child care center to care for their 4-year-old daughter. For purposes of the Child Care Credit, Mrs. Donegan is considered to have current-year earned income of?