Dionne Bailey earns $41,000 per year, which is also her adjusted gross income (AGI). She paid childcare expenses of $1,500 for her one dependent child, age 2. What is her child and dependent care credit? A) $525 B) $490 C) $330 D) $300
Dionne Bailey earns $41,000 per year, which is also her adjusted gross income (AGI). She paid childcare expenses of $1,500 for her one dependent child, age 2. What is her child and dependent care credit? A) $525 B) $490 C) $330 D) $300
Chapter3: Tax Formula And Tax Determination : An Overview Of Property Transactions
Section: Chapter Questions
Problem 11CPA
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Transcribed Image Text:Dionne Bailey earns $41,000 per year, which is also her adjusted gross income (AGI).
She paid childcare expenses of $1,500 for her one dependent child, age 2. What is
her child and dependent care credit?
A) $525
B) $490
C) $330
D) $300
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