Exercise $12-19($Algorithmic$)($LO$.4)$

In $2024,$ Ivanna, who has three children under age $13,$ worked full$-$time while her spouse, Sergio, was attending college for nine months during the year. Ivanna earned $$74,100$ and incurred $$7,575$ of child care expenses.

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Determine Ivanna and Sergio's child and dependent care credit.

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Exhibit $12\mathrm{.}3$ Child and Dependent Care Credit Rates

$\backslash$table$[[],[$Adjusted Gross Income,$],[$Over$,$But Not Over,Applicable Rate of Credi$],[$$$0,$$$15,000,35\%$