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Question - Henry and Maria Jones were both employed full-time during the year. The Jones's have 3 children: Gloria (age 12), Billy (5 years old) and Gordo (3 years old). The Jones employed a nanny to look after their children and paid her $24,000 for the year. In addition, during August, the 5-year-old went to overnight camp for 3 weeks at a cost of $400 per week. The Jones' family income is summarized below:
Mary
Sam
Salary and taxable benefit
28,500
Employment expense
(5,800)
Business income...
Revenues
75,000
Expense deductible for tax purpose
(45,000)
Interest income
1800
3500
Required - What is the maximum child care deduction that can be claimed by the Browns in the year?
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