Anna paid a day care center to watch her two-year-old son while she worked as...
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Accounting
Anna paid a day care center to watch her two-year-old son while she worked as a computer programmer for a local start-up company. What amount of child and dependent care credit can Julie claim in 2021 in each of the following alternative scenarios?
1. Anna paid $5,000 to the day care center and her AGI is $125,900 (all salary).
2. Anna paid $3,000 to the day care center and her AGI is $400,900 (all salary).
3. Anna paid $5,000 to the day care center and her AGI is $14,000 ($3,000 salary and $11,000 unearned income).
If AGI is over
But not over
Then the percentage is
$ 0
$125,000
50%
125,000
127,000
49
127,000
129,000
48
129,000
131,000
47
181,000
183,000
21
183,000
400,000
20
400,000
402,000
19
402,000
404,000
18
434,000
436,000
2
436,000
438,000
1
438,000
0
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