Question & Answer: Determine the amount of the child- and dependent-care credit to which each of the following taxpayers is entitled……

Determine the amount of the child- and dependent-care credit to which each of the following taxpayers is entitled.

If an amount is zero, enter “0”.

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Note: Round your percentage computations up to the next whole number before using in credit dollar amount computations.

a.	Caryle and Philip are married and have a 4-year-old daughter. Their adjusted gross income is $48,400, and they pay $1,810 in qualified child-care expenses during the year. Caryle earns $18,000, and Philip earns $30,400 in salary.	$

b.	Natalie is a single parent with an 8-year-old son. Her adjusted gross income is $18,800, and she pays $3,280 in qualified child-care expenses.	$

c.	Leanne and Ross are married and have three children, ages 6, 4, and 1. Their adjusted gross income is $79,400, and they pay $6,810 in qualified child-care expenses during the year. Leanne earns $46,600, and Ross earns $32,800 in salary.	$

d.	Malcolm and Mirella are married and have two children. Mirella earns $52,500, and Malcolm has a part-time job from which he earns $3,870 during the year. They pay $4,630 in qualified child-care expenses during the year.	$

e.	Andrew is a single parent with a 14-year-old son. Because he does not arrive home from work until 7 p.m., Andrew has hired someone to take care of his son after school and cook him supper. Andrew’s adjusted gross income is $50,800, and he pays $3,500 in child-care expenses.	$

f.	Andrew is a single parent with a 12-year-old son. Because he does not arrive home from work until 7 p.m., Andrew has hired someone to take care of his son after school and cook him supper. Andrew’s adjusted gross income is $50,800, and he pays $3,500 in child-care expenses.

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Question & Answer: Determine the amount of the child- and dependent-care credit to which each of the following taxpayers is entitled...... 1

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