Alexis is single and files as head of household. Alexis has a 4-year old dependent son, Shane. In 2020, Alexis paid $ 2,500 in qualified daycare expenses for Shane. In 2020, Alexis earned $ 38,500 in wages and had an Adjusted Gross income of $ 52,000. Calculate Alexis’s 2020 child and dependent care credit. a. $ 3,000 b. $ 690 c. $ 600 d. $ 575 e. $ 500
Alexis is single and files as head of household. Alexis has a 4-year old dependent son, Shane. In 2020, Alexis paid $ 2,500 in qualified daycare expenses for Shane. In 2020, Alexis earned $ 38,500 in wages and had an Adjusted Gross income of $ 52,000. Calculate Alexis’s 2020 child and dependent care credit. a. $ 3,000 b. $ 690 c. $ 600 d. $ 575 e. $ 500
Chapter18: Poverty And Redistribution
Section: Chapter Questions
Problem 1.1P
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Alexis is single and files as head of household. Alexis has a 4-year old dependent son, Shane. In 2020, Alexis paid $ 2,500 in qualified daycare expenses for Shane. In 2020, Alexis earned $ 38,500 in wages and had an Adjusted Gross income of $ 52,000. Calculate Alexis’s 2020 child and dependent care credit. a. $ 3,000 b. $ 690 c. $ 600 d. $ 575 e. $ 500
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