What is the amount of dependent care credit before any income tax limitation for a couple with

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What is the amount of dependent care credit before any income tax limitation for a couple with two children where they spend $\$ 6,500$ for dependent care and the husband earns $\$ 25,000$ for the year and the wife earns $\$ 4,500$ ?

a. $\$ 1,755$

b. $\$ 1,215$

c. $\$ 550$

d. $\$ 0$

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CCH Federal Taxation 2019 Comprehensive Topics

ISBN: 9780808049081

2019 Edition

Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback

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Question Posted: Feb 27, 2024 04:01 AM

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What is the amount of dependent care credit before any income tax limitation for a couple with

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To calculate the dependent care credit we need to first determine the adjusted gross income AGI of t...View the full answer

CCH Federal Taxation 2019 Comprehensive Topics

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