Determine the amount of the child- and dependent-care credit to which each of the following taxpayers is entitled.If an amount is zero, enter "0". Round intermediate computations and final answer to the nearest dollar.Note: Round your percentage computations up to the next whole number before using in credit dollar amount computations.a. Caryle and Philip are married and have a 4-year-old daughter. Their adjusted gross income is $47,600, and they pay $2,300 in qualified child-care expenses during the year. Caryle earns $17,100, and Philip earns $30,500 in salary.$fill in the blank 1b. Natalie is a single parent with an 8-year-old son. Her adjusted gross income is $25,000, and she pays $3,190 in qualified child-care expenses.$fill in the blank 2c. Leanne and Ross are married and have three children, ages 6, 4, and 1. Their adjusted gross income is $77,000, and they pay $6,340 in qualified child-care expenses during the year. Leanne earns $47,600, and Ross earns $29,400 in salary.$fill in the blank 3d. Malcolm and Mirella are married and have two children. Mirella earns $52,700, and Malcolm has a part-time job from which he earns $4,620 during the year. They pay $5,070 in qualified child-care expenses during the year.$fill in the blank 4e. Andrew is a single parent with a 14-year-old son. Because he does not arrive home from work until 7 p.m., Andrew has hired someone to take care of his son after school and cook him supper. Andrew's adjusted gross income is $50,300, and he pays $3,430 in child-care expenses.$fill in the blank 5f. Andrew is a single parent with a 12-year-old son. Because he does not arrive home from work until 7 p.m., Andrew has hired someone to take care of his son after school and cook him supper. Andrew's adjusted gross income is $50,300, and he pays $3,430 in child-care expenses.$fill in the blank 6

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Answered: Determine the amount of the child- and…

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter8: Taxation Of Individuals

Section: Chapter Questions

Problem 53P

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Determine the amount of the child- and dependent-care credit to which each of the following taxpayers is entitled.

If an amount is zero, enter "0". Round intermediate computations and final answer to the nearest dollar.

Note: Round your percentage computations up to the next whole number before using in credit dollar amount computations.

a.	Caryle and Philip are married and have a 4-year-old daughter. Their adjusted gross income is $47,600, and they pay $2,300 in qualified child-care expenses during the year. Caryle earns $17,100, and Philip earns $30,500 in salary.	$fill in the blank 1
b.	Natalie is a single parent with an 8-year-old son. Her adjusted gross income is $25,000, and she pays $3,190 in qualified child-care expenses.	$fill in the blank 2
c.	Leanne and Ross are married and have three children, ages 6, 4, and 1. Their adjusted gross income is $77,000, and they pay $6,340 in qualified child-care expenses during the year. Leanne earns $47,600, and Ross earns $29,400 in salary.	$fill in the blank 3
d.	Malcolm and Mirella are married and have two children. Mirella earns $52,700, and Malcolm has a part-time job from which he earns $4,620 during the year. They pay $5,070 in qualified child-care expenses during the year.	$fill in the blank 4
e.	Andrew is a single parent with a 14-year-old son. Because he does not arrive home from work until 7 p.m., Andrew has hired someone to take care of his son after school and cook him supper. Andrew's adjusted gross income is $50,300, and he pays $3,430 in child-care expenses.	$fill in the blank 5
f.	Andrew is a single parent with a 12-year-old son. Because he does not arrive home from work until 7 p.m., Andrew has hired someone to take care of his son after school and cook him supper. Andrew's adjusted gross income is $50,300, and he pays $3,430 in child-care expenses.	$fill in the blank 6

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