Question: Please help me out with this problem from my text book that I am trying to solve. Please do not choose $60 as this is
Please help me out with this problem from my text book that I am trying to solve. Please do not choose $60 as this is incorrect.
Feliz and Dora are married filing jointly for California purposes and have one child age 8. In total the couple spent $12,352 in qualifying expenses for child care during the year. Their federal AGI is $137,441. $70,252 is reported on Feizs W-2 and the remainder on Doras W-2. They did not receive any assistance from their employers. How much of a credit, if any, will they report on Line 40 of their Form 540?
$0
$60
$80
$90
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