Question Content Area Victor and Maggie file a joint tax return for 2022 with adjusted gross income of $104,000. Victor and Maggie earned income of $30,000 and $74,000, respectively, during 2022. In order for both parents to be gainfully employed, they pay the following child care expenses for their 4-year-old son, J.J.: Union Day Care Center $6,700Wendy (Victor's mother) for babysitting 4,000 What is the amount of the child and dependent care credit they should report on their tax return for 2022 (assume no tax liability limitation)? a. $780 b. $3,745 c. $3,000 d. $2,899

Question Content Area Victor and Maggie file a joint tax return for 2022 with adjusted gross income of $104,000. Victor and Maggie earned income of $30,000 and $74,000, respectively, during 2022. In order for both parents to be gainfully employed, they pay the following child care expenses for their 4-year-old son, J.J.: Union Day Care Center $6,700Wendy (Victor's mother) for babysitting 4,000 What is the amount of the child and dependent care credit they should report on their tax return for 2022 (assume no tax liability limitation)? a. $780 b. $3,745 c. $3,000 d. $2,899

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter3: Computing The Tax

Section: Chapter Questions

Problem 25P

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