Clarita is a single taxpayer with two dependent children, ages 10 and 12. Clarita pays $3,000 in qualified child care expenses during the year. If her adjusted gross income (all from wages) for the year is $19,600 and she takes the standard deduction, calculate Clarita's earned income credit and child and dependent care credit for 2019. A. child and dependent care credit? B. Earned income credit?
Clarita is a single taxpayer with two dependent children, ages 10 and 12. Clarita pays $3,000 in qualified child care expenses during the year. If her adjusted gross income (all from wages) for the year is $19,600 and she takes the standard deduction, calculate Clarita's earned income credit and child and dependent care credit for 2019. A. child and dependent care credit? B. Earned income credit?
Chapter1: The Individual Income Tax Return
Section: Chapter Questions
Problem 7P
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Clarita is a single taxpayer with two dependent children, ages 10 and 12. Clarita pays $3,000 in qualified child care expenses during the year.
If her adjusted gross income (all from wages) for the year is $19,600 and she takes the standard deduction, calculate Clarita's earned income credit and child and dependent care credit for 2019.
A. child and dependent care credit?
B. Earned income credit?
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT