Mr. Rapido and Mr. Ergo have three children that they have adopted together. The ages of the
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Question:
Mr. Rapido has net employment income of $15,000, after the deduction of employment
expenses of $5,000. Mr Ergo has net business income during this period of $55,000 after deducting business expenses of $20,000. The child care costs for the current year are $11,200.
Determine the maximum deduction for childcare costs and indicate who should claim them.
Related Book For
South Western Federal Taxation 2015
ISBN: 9781305310810
38th edition
Authors: William H. Hoffman, William A. Raabe, David M. Maloney, James C. Young
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