Question: If an amount is zero, enter 0. Round intermediate computations and final answer to the nearest dollar. Note: Round your percentage computations up to

If an amount is zero, enter "0". Round intermediate computations and final

If an amount is zero, enter "0". Round intermediate computations and final answer to the nearest dollar. Note: Round your percentage computations up to the next whole number before using in credit dollar amount computations. . Caryle and Philip are married and have a 4-year-old daughter. Their adjusted gross income is $48,000, and they pay $2,370 in qualified child-care expenses during the year. Caryle earns $17,000, and Philip earns $31,000 in salary. b. Natalie is a single parent with an 8-year-old son. Her adjusted gross income is $31,000, and she pays $3,200 in qualified child-care expenses. . Leanne and Ross are married and have three children, ages 6, 4, and 1. Their adjusted gross income is $79,700, and they pay $6,800 in qualified child-care expenses during the year. Leanne earns $45,900, and Ross earns $33,800 in salary. d. Malcolm and Mirella are married and have two children. Mirella earns $51,800, and Malcolm has a part-time job from which he earns $4,400 during the year. They pay $5,040 in qualified child-care expenses during the year. . Andrew is a single parent with a 14-year-old son. Because he does not arrive home from work until 7 p.m., Andrew has hired someone to take care of his son after school and cook him supper. Andrew's adjusted gross income is $56,300, and he pays $3,550 in child-care expenses. f. Andrew is a single parent with a 12-year-old son. Because he does not arrive home from work until 7 p.m., Andrew has hired someone to take care of his son after school and cook him supper. Andrew's adjusted gross income is $56,300, and he pays $3,550 in child-care expenses.

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Solution a Since Philip and Caryles adjusted gross income AGI is in excess of 15000they must reduce the 35 genera l credit by 1 for each 2000 or portion thereof of AGI in excess of 15000The maximum re... View full answer

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