Millie Smith (SS# 045-87-8963) has been widowed for 4 years and has one dependent child, Jackson Williams (SS# 564-89-1235). Millie’s adjusted gross income and her earned income is $90,000. Millie’s employer withheld $1,500 in the dependent care flexible spending account. This amount was excluded from her wage income. Assume her taxable income is $45,500, and her regular tax is $5,191. Millie paid child care expenses of $2,500 to Handprints Child Care (1 main street, New Haven, CT 06512, EIN# 05-8964213). Calculate Millie’s child and dependent care credit for 2019 using form 2441. Make realistic assumptions about any missing data.

Answer rating: 100% (QA)

Millie Smiths Child and Dependent Care Credit Millie Smith ... View the full answer