Paul and Karen are married, and both are employed (Paul earns $44,000 and Karen earns $9,000 during
Question:
a. Assuming that Paul and Karen file a joint return, what, if any, is their tax credit for child and dependent care expenses?
b. Complete Form 2441 for Paul and Karen; their AGI is $53,750, and their tax liability before any available child care credit is $2,825. Relevant Social Security numbers are as follows: Paul (123-45-6789); Sam (123-45-6788); Joy (123-45-6787). Neither Paul nor Karen received any child care benefits from their employers.
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Related Book For
South Western Federal Taxation 2018 Essentials Of Taxation Individuals And Business Entities
ISBN: 9781337386173
21st Edition
Authors: William A. Raabe, James C. Young, Annette Nellen, David M. Maloney
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