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What is the correct amount of the child and dependent

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Problem 1: Victor and Carly have two dependent children, ages 3 and 8. Victor earned $44,500 in 2019. They had no other income. Carly did not work, but was a full-time student for seven months of the year. They paid a total of $4,500 in qualifying childcare expenses during the tax year. What is the correct amount of their Child and Dependent Care Credit?

Option 1: $700

Option 2: $900

Option 3: $3,500

Option 4: $4,500

Reference no: EM132694900

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