Kaelyn's mother, Judy, looks after Kaelyn's four-year-old twins so Kaelyn can go to work (she drops off and picks up the twins from Judy's home every day). Since Judy is a relative, Kaelyn made sure, for tax purposes, to pay her mother the going rate for child care ($6400 for the year). Judy is not a dependent relative of Kaelyn. What are the amount of Kaelyn's child and dependent care credit if her AGI for the year was $37,000?

Answer rating: 100% (QA)

The tax credit is a percentage of the daycare ... View the full answer