Calculate the amount of the child and dependent care credit allowed before any tax liability limitations or other credits for 2021 in each of the following cases, assuming the taxpayers had no income other than the stated amounts. TABLE 6.1 CHILD AND DEPENDENT CARE CREDIT PERCENTAGES Adjusted Gross Income Applicable Percentage Over But Not Over $0 – $15,000 35% 15,000 – 17,000 34% 17,000 – 19,000 33% 19,000 – 21,000 32% 21,000 – 23,000 31% 23,000 – 25,000 30% 25,000 – 27,000 29% 27,000 – 29,000 27% 29,000 – 31,000 27% 31,000 – 33,000 26% 33,000 – 35,000 25% 35,000 – 37,000 24% 37,000 – 39,000 23% 39,000 – 41,000 22% 41,000 – 43,000 31% 43,000 – No limit 20% Question Content Area a. William and Carla file a joint tax return. Carla earned $27,500 during the year, while William attended law school full-time for 9 months and earned no income. They paid $3,500 for the care of their 3-year-old child, Carl. Round your answer to the nearest whole dollar. $fill in the blank a7bf46ff1073fbe_1 b. Raymond and Michele file a joint tax return. Raymond earned $83,000 during the year, while Michele earned $139,000 for the year from a part-time job. They paid $17,000 for the care of their two children under age 13. $fill in the blank 816e9a08304403d_1 c. Beth is a single taxpayer who has two dependent children under age 5. Beth earned $425,500 in wages during the year and paid $26,700 for the care of her children.
Calculate the amount of the child and dependent care credit allowed before any tax liability limitations or other credits for 2021 in each of the following cases, assuming the taxpayers had no income other than the stated amounts.
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a. William and Carla file a joint tax return. Carla earned $27,500 during the year, while William attended law school full-time for 9 months and earned no income. They paid $3,500 for the care of their 3-year-old child, Carl.
Round your answer to the nearest whole dollar.
$fill in the blank a7bf46ff1073fbe_1
b. Raymond and Michele file a joint tax return. Raymond earned $83,000 during the year, while Michele earned $139,000 for the year from a part-time job. They paid $17,000 for the care of their two children under age 13.
$fill in the blank 816e9a08304403d_1
c. Beth is a single taxpayer who has two dependent children under age 5. Beth earned $425,500 in wages during the year and paid $26,700 for the care of her children.
$fill in the blank ce329bf23fa1f84_1
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