Marty and Dee have two qualifying children for the child and dependent credit. In 2014 they paid a total of $5,200 for eligible work-related expenses. Marty's W-2-showed $56,720 in box 1. Dee was a full-time student for 10 months. The dollar limit for their work related child care expenses is: A. $6,000 B. $5,000 C. $5,200 D. $2,500
Marty and Dee have two qualifying children for the child and dependent credit. In 2014 they paid a total of $5,200 for eligible work-related expenses. Marty's W-2-showed $56,720 in box 1. Dee was a full-time student for 10 months. The dollar limit for their work related child care expenses is: A. $6,000 B. $5,000 C. $5,200 D. $2,500
Chapter6: Business Expenses
Section: Chapter Questions
Problem 67P
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