Problem $7-11$

Child and Dependent Care Credit $($LO $7\mathrm{.}2,7\mathrm{.}3)$

Clarita is a single taxpayer that lives in the U$.$S$.$ with two dependent children, ages $10$ and $12.$ Clarita pays $ $3,000$ in qualified child care expenses during the year.

CHILD AND DEPENDENT CARE CREDIT PERCENTAGES

If her adjusted gross income $($all from wages$)$ for the year is $ $70,000$ and she takes the standard deduction, calculate Clarita's child tax credit, earned income credit, and child and dependent care credit for $2021.$

Clarita's taxable income is $ $\_\_\_\_\_\_\_$

with a tax liability $($pre$-$credit$)$

of $ $\_\_\_\_\_\_\_\_\_\_\_$

$.$ Her credits are computed below:

Child Tax Credit

$ $\_\_\_\_\_\_\_\_$

Child and dependent care credit

$ $\_\_\_\_\_$

Earned income credit

$ $\_\_\_\_\_$

The total refundable credits equal

$ $\_\_\_\_\_$