The following information applies to the questions displayed below.] ulie paid a day care center to watch her two-year-old son while she worked as a c company. What amount of child and dependent care credit can Julie claim in 2021 in each of xhibit 8-10

The following information applies to the questions displayed below.] ulie paid a day care center to watch her two-year-old son while she worked as a c company. What amount of child and dependent care credit can Julie claim in 2021 in each of xhibit 8-10

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter10: Individuals: Income, Deductions, And Credits

Section: Chapter Questions

Problem 30P

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Question

EXHIBIT 8-10 Child and Dependent Care Credit Percentage
Then the percentage is
50%
125,000
49
127,000
48
129,000
47
181,000
21
183,000
20
400,000
19
402,000
18
434,000
2
436,000
1
438,000
0
Source: Source: Internal Revenue Code. "§ 21. Expenses For Household And Dependent Care Services Necessary For Gainful Employment."
If AGI is over
S
0
But not over
$125,000
127,000
129,000
131,000
183,000
400,000
402,000
404,000
436,000
438,000

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