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What is the maximum childcare expense

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Question - Molly is a single mother with two children, aged five and seven. She earns an annual salary of $80,000. She also earned $10,000 in 2018 as a self-employed, part-time bookkeeper. Molly paid her babysitter $7,340 in 2018 for looking after both children. In addition, Molly paid $250 for one week at an overnight summer camp for the seven-year-old child. What is the maximum childcare expense that Molly can claim in 2018?

Reference no: EM133005295

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