Question: * Your answer is incorrect. Margaret is single and maintains a household for her two dependent children who are ages 6 and 8 . She

* Your answer is incorrect. Margaret is single and maintains a household for her two dependent children who are ages 6 and 8 . She has adjusted gross income of $27,000 which consists of wages of $25,000 and a long-term capital gain of $2,000. She paid her mother (who is not a dependent) $3,500 to care for her children in her home and also paid $2,400 for daycare during the summer. Margaret also paid $12,200 for her children to attend parochial school. How much is her child and dependent care credit
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