7. (6 POINTS) Chandler and Monica, who are married, paid $3,200 in daycare expenses for...
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7. (6 POINTS) Chandler and Monica, who are married, paid $3,200 in daycare expenses for their three-year-old daughter, and $3,000 in preschool expenses for their five-year old son, all so they both could work. Their AGI for 2019 is $35,300, earned equally by both parents. a) What is the maximum amount of Chandler and Monica's child and dependent care credit? b) If Chandler had only $4,000 worth of earned income and Monica earned the rest of the $35,300 of AGI, how would this change their credit amount, if at all
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