Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. ann is single and works full-time. in 2020, ann pa

Ann is single and works full-time. In 2020, Ann paid child care expenses of $6,000...

60.1K

Verified Solution

Question

Accounting

Ann is single and works full-time. In 2020, Ann paid child care expenses of $6,000 for someone to care for her dependent child so that she could work. If Ann's AGI is $50,000, what is the amount of her Child and Dependent Care Expense (CDC) Credit? Assume Ann's credit percentage is 20%.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Use the following informationfor questions #1 - 3:An accounting student runs a hotdogconcession...Use the...

Accounting
Q

The following are daily exchange rates with the Japanese Yen quoted in Yen/Dollar. Date Yen/Dollars 19-Apr-13 99.28 18-Apr-13 98.22 17-Apr-13 97.74 16-Apr-13 97.86 15-Apr-13 98 12-Apr-13 98.98 11-Apr-13 99.42 10-Apr-13 99.61 9-Apr-13 99.02 8-Apr-13 98.9 5-Apr-13 96.86 4-Apr-13 96.12 3-Apr-13 92.96 2-Apr-13 93.43 1-Apr-13 93.3 29-Mar-13 94.16 28-Mar-13 94.02 27-Mar-13 94.38 26-Mar-13 94.22 25-Mar-13 94.34 22-Mar-13 94.48 21-Mar-13 95.06 20-Mar-13 95.51 19-Mar-13 94.85 18-Mar-13 94.92 15-Mar-13 95.26 14-Mar-13 96.16 13-Mar-13 96 12-Mar-13 95.96 11-Mar-13 96.12 8-Mar-13 96 7-Mar-13 95 6-Mar-13 93.64 5-Mar-13 93.39 4-Mar-13 93.32 1-Mar-13 93.38 Feb. 28, 2013 92.36 Feb. 27,...

Basic Math
Q

simplify washing machine by removing its design elements/parts one by one. How many parts did you...

Mechanical Engineering
Q

Suppose that your air conditioner fails on Sunday at midnight (t0 = 0), and you cannot afford...

Advance Math
Q

An airline is planning its staffing needs for the next year If a new route...

Basic Math
Q

Frederick is creating a plan to conduct a randomized survey. He will be asking guests...

Basic Math
Q

A triangle is bounded by the line y = 6 -3/4 x, the line passing...

Basic Math
Q

11. The following schedule of information relates to Page Products for the year,...

Accounting
Q

(1) Why might Company A purchase a share of Company B for more than the...

Accounting
Q

The bonds issued by Stainless Tubs bear a 6 percent coupon, payable semiannually. The bonds...

Finance
Q

Whispering Winds Motors is a division of Whispering Winds Products Corporation. The division manufactures and...

Accounting
Q

what do we mean by market efficiency?

Finance