What is the correct amount of their Child Care Credit

Assignment Help Cost Accounting
Reference no: EM133006950

Question - Jude and Yukio have two dependent children, ages 4 and 5. Jude earned $44,750 in 2020. They had no other income. Yukio did not work, but was a full-time student all year. They paid a total of $4,800 in qualifying childcare expenses. What is the correct amount of their Child and Dependent Care Credit?

Reference no: EM133006950

Questions Cloud

What the value of investment after two years is closest to : Matthew repays a loan of P8,000 by monthly installments of P250 for 5 years. The amount of interest charged is? What The value of investment after two years is?
Estimate the expected return based on the dividend valuation : In addition, Ram's stock most recent dividend was $5.50. Estimate the expected return based on the dividend valuation model
Compute how much interest is earned : How much interest is earned if P15,000 is invested for 3 years at 4.5% p.a., compounded monthly? What The simple interest to be paid is?
Determine the rate of simple interest in per cent per annum : Hung received P6,281 after investing P5,900 for 27 months. Determine the rate of simple interest in per cent per annum is closest to
What is the correct amount of their Child Care Credit : They paid a total of $4,800 in qualifying childcare expenses. What is the correct amount of their Child and Dependent Care Credit
Define marketing strategy : Develop their report writing skills, information presentation skills, oral communication skills, video recording and editing skills, as well as an opportunity
How much more will an investor receive on an investment : How much more will an investor receive on an investment of P24,000 over five years in an account offering 7.5% p.a. if the interest is compounded
Which of the loan options would result in the lowest amount : If you wished to borrow P100,000, which of the following loan options would result in the lowest amount of simple interest being paid?
What is the amount of the initial cash flow : A current market value of $39,000. Other investment in machinery is $780,000. What is the amount of the initial cash flow for this expansion project

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd