Marion has an 11-year-old daughter. Calculate her child and dependent care credit prior to any tax liability
Fantastic news! We've Found the answer you've been seeking!
Question:
Marion has an 11-year-old daughter. Calculate her child and dependent care credit prior to any tax liability limitation under these two alternatives:
a. Marion pays $4,000 a year in daycare costs. Her salary is $32,000.
b. Marion pays $8,000 a year in daycare costs. Her salary is $80,000.
Related Book For
Income Tax Fundamentals 2015
ISBN: 9781305177772
33rd edition
Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill
Posted Date: