Paul and Maggie are married and want to file a joint return. Maggie is a...
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Paul and Maggie are married and want to file a joint return. • Maggie is a U.S. citizen and has a valid Social Security number. Paul is a resident alien and has an ITIN. They resided in the United States all year with their children. • Paul and Maggie have two children, Cheryl, age 4, and Mike, age 15. Cheryl and Mike are U.S. citizens and have valid Social Security numbers. • Paul earned $18,000 in wages. • Maggie earned $20,000 in wages. • In order to work, the Thomas's paid child and dependent care expenses of $3,500 for their daughter Cheryl to attend Busy Bee Child Care. • Paul and Maggie provided all of the support for their two children. • Paul and Maggie declined to receive advance payments for the Child Tax Credit. How much of the child care expenses can be used to claim the child and dependent care credit? OA. $3,500 OB. $3,000 OC. $1,500 OD. $0 Paul and Maggie are married and want to file a joint return. • Maggie is a U.S. citizen and has a valid Social Security number. Paul is a resident alien and has an ITIN. They resided in the United States all year with their children. • Paul and Maggie have two children, Cheryl, age 4, and Mike, age 15. Cheryl and Mike are U.S. citizens and have valid Social Security numbers. • Paul earned $18,000 in wages. • Maggie earned $20,000 in wages. • In order to work, the Thomas's paid child and dependent care expenses of $3,500 for their daughter Cheryl to attend Busy Bee Child Care. • Paul and Maggie provided all of the support for their two children. • Paul and Maggie declined to receive advance payments for the Child Tax Credit. How much of the child care expenses can be used to claim the child and dependent care credit? OA. $3,500 OB. $3,000 OC. $1,500 OD. $0
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D 6600 The new law for 2021 is 3000 per qualifying child ages 6 through 17 and 3600 for qualifying c... View the full answer
Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
Posted Date:
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