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Harry and Wilma are married and file a joint return for 2015. On this return,...

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Accounting

Harry and Wilma are married and file a joint return for 2015. On this return, they report $40,000 of adjusted gross income ($ 18,000 salary earned by Harry and $22,000 earned by Wilma) and claim two exemptions for their dependent children. During 2015, they paid the following amounts to care for their 4-year old son and 6-year old daughter while they worked: ABC day Care Center $2,000 X Housekeeping Services $2,000 Mrs. Smith (Harry mother) $1000 Harry and Wilma may claim for 2015 a credit for a child and dependent care expenses of: a) $960 b) $1000 c) $1440 d) $1500 e)none of the above.

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