Jim and Mary Jean are married and have two dependent children under the age of 13. Both
Question:
Jim and Mary Jean are married and have two dependent children under the age of 13. Both parents are gainfully employed and during 2021 earn salaries as follows: $130,000 (Jim) and $5,200 (Mary Jean). To care for their children while they work, they pay Eleanor (Jim’s mother) $5,600. Eleanor does not qualify as a dependent of Jim and Mary Jean. Assuming that Jim and Mary Jean file a joint tax return, what, if any, is their credit for child and dependent care expenses?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
Concerning the credit for child and dependent care ...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
South-Western Federal Taxation 2022 Individual Income Taxes
ISBN: 9780357519073
45th Edition
Authors: James C. Young, Annette Nellen, William A. Raabe, Mark Persellin, William H. Hoffman
Question Posted:
Students also viewed these Business questions
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
It is March of 2021 and Clayton and Shaleen Miller have come to discuss their tax situation with you. They predict that Clayton will not have to pay taxes for the 2020 year, which they believe will...
-
The ResultSet object can be created by either executing the or method, which means that the ResultSet instance cannot be created or used without executing a query operation first. a. executeQuery(),...
-
What is an emotion? How do emotions differ from moods? Identify some primary emotions, and give examples of how they may be expressed in the workplace.
-
Given the Supreme Court's "discovery" of penumbras in the Bill of Rights such as the right to privacy, should this right be extended to assisted suicide for terminally ill patients and/or access to...
-
Water flows from a large tank into a dish as shown in Fig. P5.54. (a) If at the instant shown the tank and the water in it weigh \(W_{1} \mathrm{lb}\), what is the tension, \(T_{1}\), in the cable...
-
During December, Rainey Equipment made a $600,000 credit sale. The state sales tax rate is 6% and the local sales tax rate is 1.5%. Prepare the appropriate journal entry.
-
- 16.4 Using the discussion of Carnot's analysis of ideal heat engines in section 3.2.3, derive the relation presented in section 16.2.4 for p (the ratio of the energy rejected as heat by a thermal...
-
Which of the following extreme positions do you think is closer to the truth? (a) The primary goal of all psychological research should be to relate psychological phenomena to the anatomy of neural...
-
Jenna, a longtime client of yours, is employed as an architect and is the president of the local Rotary chapter. To keep up to date with developments in her profession, she attends continuing...
-
Kim, a U.S. citizen and resident, owns and operates a novelty goods business. During 2021, Kim reports taxable income of $115,000: $50,000 from foreign sources and $65,000 from U.S. sources. In...
-
In Exercises 35-40, find cond1 (A) and cond (A). State whether the given matrix is ill-conditioned. 1. 2. 3. 2 4 13 -14) 1 0.99
-
When converting an image file to a Byte[] array, one can use a system method, readAllBytes(). (True/False)
-
Explain who, in the United States, gains and who loses from this tariff on paper. How do you expect the prices of magazines and textbooks to change? U.S. expands China paper anti-dumping tariff The...
-
In 2008, the U.S. states and Canadian provinces adjoining the lakes negotiated the Great Lakes Compact to prevent the regions water from being shipped or piped to arid regions. The compact also...
-
Before you can use a Servlet such as FacesServlet on the server side from a Web browser, you need to map the FacesServlet to a path in your deployment descriptor file . a. Web pages b. WEB INF file...
-
Use the Java CallableStatement method to develop a data query from the Student and StudentCourse Tables with the StudentFrame class in the OracleSelectFaculty project (the project file can be found...
-
(a) Finish the proof of Lemma 1.7. (b) Give an example to show that the result does not hold if t is not linear.
-
Simplify the expression. Assume that all variables are positive. 23VI1 2 V44 8
-
Several years ago, Ethan purchased the former parsonage of St. James Church to use as a personal residence. To date, Ethan has not received any ad valorem property tax bills from either the city or...
-
Several years ago, Ethan purchased the former parsonage of St. James Church to use as a personal residence. To date, Ethan has not received any ad valorem property tax bills from either the city or...
-
Mia owns a warehouse that has a cost basis to her of $80,000. The city condemns the warehouse to make room for a new fire station. It pays Mia $400,000 for the property, its agreed-to fair market...
-
Which line of the following author reading segment would causes issues? 1: bookArr[i].authors = calloc(bookArr[i].numAuthors, sizeof(author_t)); 2: for (j=0; j < bookArr[i].numAuthors; j++) { 3: 4:...
-
3. (20 points) Consider three periodic tasks A, B and C with their respective periods as 4ms, 6ms and 8ms. The execution time required for each task is 1 ms. (a) Draw a figure/table to execute these...
-
Write a method (pseudocode) to reverse the queue using another empty queue. You may only use queue operations such as enqueue(), dequeue(), and size(). No other data structure can be used other than...
Study smarter with the SolutionInn App