Required information Problem 8-71 (LO 8-4) (Static) [The following information applies to the questions displayed below.] Julie paid a day care center to watch her two-year-old son while she worked as a computer programmer for a local start-up company. What amount of child and dependent care credit can Julie claim in each of the following alternative scenarios? Use Exhibit 8-9 Problem 8-71 Part-a (Static) a. Julie paid $2,000 to the day care center and her AGI is $50,000 (all salary). Child and dependent care credit b. Julie paid $5,000 to the day care center and her AGI is $50,000 (all salary). Child and dependent care credit C. Julie paid $4,000 to the day care center and her AGI is $25,000 (all salary). Child and dependent care credit d. Julie paid $2,000 to the day care center and her AGI is $14,000 (all salary). Child and dependent care credit e. Julie paid $4,000 to the day care center and her AG is $14,000 ($2,000 salary and $12,000 unearned income). Child and dependent care credit EXHIBIT 8-9 Child and Dependent Care Credit Percentage But not over $15,000 17,000 Then the percentage is 35% 34 19.000 33 21.000 32 31 If AGI is over $ 0 15,000 17,000 19.000 21,000 23,000 25,000 27,000 29,000 31,000 33,000 35,000 30 29 28 27 23,000 25,000 27,000 29,000 31,000 33,000 35,000 37,000 39,000 41.000 26 25 24 23 37,000 39,000 22 41,000 21 43,000 No limit 43,000 20