Marion has an 11-year-old daughter. Calculate her child and dependent care credit prior to any tax liability

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Marion has an 11-year-old daughter. Calculate her child and dependent care credit prior to any tax liability limitation under these two alternatives:

a. Marion pays $4,000 a year in daycare costs. Her salary is $32,000.

b. Marion pays $8,000 a year in daycare costs. Her salary is $80,000.

Related Book For answer-question

Income Tax Fundamentals 2015

ISBN: 9781305177772

33rd edition

Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill

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Posted Date: Aug 13, 2020 11:31 AM

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Marion has an 11-year-old daughter. Calculate her child and dependent care credit prior to any tax liability

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Income Tax Fundamentals 2015

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