G and her husband are both employed and salaries are their sole source of income. In the current year G's employment income was $99,000 and her husband's was $102,000. They have two children aged 4 and 9. Child-care expenses for the year include the following: day care fees of $11,000 for the 4 year-old, after-school day care fees of $4,200 for the 9 year-old. What is the maximum amount that can be deducted from G's income for tax purposes in the current year?

Answer rating: 100% (QA)

As per the general rule the taxpayer with lower income is allowed to claim a deduction on acc... View the full answer