Question: In 2 0 2 4 , Gera and Alexi had two children, ages 8 and 1 2 . They spent $ 6 , 2 0

In 2024, Gera and Alexi had two children, ages 8 and 12. They spent $6,200 on eligible employment-related expenses for the care of their children after school. Gera and Alexi each earned a salary of $18,000. What is the amount of the credit for child and dependent care expenses for that year?
a. $3,100
b. $1,488
c. $6,200
d. $1,550
e. $1,426

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!