Clarita is a single taxpayer with two dependent children, ages 10 and 12. Clarita pays $3,000 in

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Clarita is a single taxpayer with two dependent children, ages 10 and 12. Clarita pays $3,000 in qualified child care expenses during the year. If her adjusted gross income (all from wages) for the year is $20,200 and she takes the standard deduction, calculate Clarita’s earned income credit and child and dependent care credit for 2020.

$____________

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Income Tax Fundamentals 2021

ISBN: 9780357141366

39th Edition

Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill

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