Linda and Barry, a married couple has the following information for this year: • Linda's Earned and Net income: $20,000 • Barry's Earned and Net income: $1,200 1st child is 5 years old • 2nd child is 15 years old Nanny/Child Care Expenses (not camps): $50,000 What is the maximum Child Care Expense for this family this year?
Linda and Barry, a married couple has the following information for this year: • Linda's Earned and Net income: $20,000 • Barry's Earned and Net income: $1,200 1st child is 5 years old • 2nd child is 15 years old Nanny/Child Care Expenses (not camps): $50,000 What is the maximum Child Care Expense for this family this year?
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter9: Individuals As Taxpayers
Section: Chapter Questions
Problem 5CE
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Transcribed Image Text:Linda and Barry, a married couple has the following information for this year:
• Linda's Earned and Net income: $20,000
• Barry's Earned and Net income: $1,200
• 1st child is 5 years old
2nd child is 15 years old
Nanny/Child Care Expenses (not camps): $50,000
What is the maximum Child Care Expense for this family this year?
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