Ask Question
15 September, 13:50

Mr. and Mrs. Alexander have two dependent children. They paid $7,200 wages to a housekeeper to care for the children and $549 employer payroll tax on her wages. Mr. and Mrs. Alexander file a joint return. Assume the taxable year is 2019.

Compute their dependent care credit if one child is age 10, and the other is age 15. Mr. Alexander's earned income is $75,000, and Mrs. Alexander has no earned income. Their AGI is $81,300.

Compute their dependent care credit if one child is age 2, and the other is age 6. Mr. Alexander's earned income is $45,000, and Mrs. Alexander's earned income is $28,000. Their AGI is $81,300.

+3
Answers (1)
  1. 15 September, 13:58
    0
    81,300 - 75,000 = $ 6,300

    Dependent care credit if one child is age 10, and the other is age 15 = $ 3,000

    $45,000 + $28,000 = $ 73,000

    81,300 - 73,000 = $ 8,300

    Dependent care credit if one child is age 2, and the other is age 6 = $ 6,000

    As the age of child should be under 13.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Mr. and Mrs. Alexander have two dependent children. They paid $7,200 wages to a housekeeper to care for the children and $549 employer ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers