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Problem 7-9 Child and Dependent Care Credit (LO 7.3) Calculate the amount of the child and dependent care credit allowed before any tax liability limitations or other credits for 2022 in each of the following cases, assuming the taxpayers had no income other than the stated amounts. a. Wiliam and Carla file a joint tax retum, Carla eamed $27,500 during the year, while William attended low school full-time for nine months and earned no income. They paid $3,500 for the care of their 3 -year-ald child, Carl. Round your answer to the nearest whole dollar. Feschack F Check My Work Taxpayers are aliowed o credit for expenses for the care of their children and certain other dependents. To be eligible for the child and dependent care credit, the dependent must either be under the age of 19 or be a dependent or spouse of any age who is incapable of seif: care; If a child's parents are divorced, the chald need not be the dependent of the taxpayer ciaiming the credit, but the chisd must live with parent more than he or she lives with the other parent. The chid and dependent care credit is equal to statutory percent of the qualified expenses that decreases as adjusted gross income increa In determining the credit, the maximum amount of qualifed expenses, to which the applicable percentage is applied, is 38 , 000 for one

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