Tim and Martha paid $8,100 in qualified employment-related expenses for their three young...
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Accounting
Tim and Martha paid $ in qualified employmentrelated expenses for their three young children who live with them in their household. Martha received $ of dependent care assistance from her employer, which was properly excluded from gross income. The couple had $ of AGl earned equally. Use Child and Dependent Care Credit AGI schedule.
Required:
a What amount of child and dependent care credit can they claim on their Form
b How would your answer differ if at all if the couple had AGI of $ that was earned entirely by Martha?
tableAmountsa Child and dependent care tax credit,b Child and dependent care tax credit,
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