Emma is a single mother of two children, ages 6 and 8. She paid a neighbor to
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Emma is a single mother of two children, ages 6 and 8. She paid a neighbor to watch the children after school while she was at work. The total amount paid for the year was $6,000. Her adjusted gross income was $75,000. Her tax liability was $4,600. She received dependent care benefits from her employer of $5,000.
Assuming all other requirements are met, what is the amount of the Child and Dependent Care Credit she is allowed to claim on her 2022 tax return?
Related Book For
Income Tax Fundamentals 2015
ISBN: 9781305177772
33rd Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill
Posted Date: