Click the link below to access the PDF document with details needed to complete the second return. After you have made the required entries, return to the test and answer questions about this tax return. Case Study 2 - Gina Labovskiy Save Your Work! It is recommended that you SAVE the work you have done so far on this test before accessing BlockWorks. If you fail to do so and you are automatically timed out of the test, you will lose your work and have to start over. After entering the required information, you should either save a copy of the completed return or keep the shell return open while you answer the questions.

Question 68 of 75.

What is the decimal amount used to calculate the Child and Dependent Care Credit?

0.2

0.21

0.22

0.23

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Question 69 of 75.

If Gina's AGI was $33,500 and assuming that the daycare expenses are not changed and all else remains equal, how much would her Child and Dependent Care Credit be?

$600

$750

$900

$1,050

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Question 70 of 75.

If Gina had two qualifying persons, what would then be the total amount of qualified expenses Gina can consider take for the Child and Dependent Care Credit?

$7,100

$6,000

$3,000

$1,200

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Question 71 of 75.

What is the total amount of Gina's long-term capital gain or loss?

($240)

$240

$785

$1,025

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Question 72 of 75.

The total amount of capital gain or loss that Gina must claim on her tax return is:

($1,290)

($1,050)

$1,050

$1,290

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Question 73 of 75.

What is the total cost or basis in both stocks that Gina sold during the year?

$785

$9,500

$10,285

$10,550

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Question 74 of 75.

What is the total amount of qualified expenses Gina can consider take for the Child and Dependent Care Credit?

$600

$2,000

$3,000

$7,100

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Question 75 of 75.

How much is Gina's total Child and Dependent Care Credit?

$600

$2,000

$3,000

$7,100

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