What is the amount of the child and dependent care credit they should report on their tax return for 2020 (assume no tax liability limitation)? a.$675 b.$459 c.$729 d.$270 e.None of these choices are correct.

Income Tax Fundamentals 2020
38th Edition
ISBN:9780357391129
Author:WHITTENBURG
Publisher:WHITTENBURG
Chapter1: The Individual Income Tax Return
Section: Chapter Questions
Problem 4P: In 2019, Lou has a salary of $53,300 from her job. She also has interest income of $1,600 and...
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Robert and Mary file a joint tax return for 2020 with adjusted gross income of $34,000. Robert and Mary earned income of $20,000 and $14,000, respectively, during 2020. In order for Mary to be gainfully employed, they pay the following child care expenses for their 4-year-old son, John:

Union Day Care Center for John $1,700
Wilma (Robert's mother) for babysitting John $1,000

What is the amount of the child and dependent care credit they should report on their tax return for 2020 (assume no tax liability limitation)?
a.$675
b.$459
c.$729
d.$270
e.None of these choices are correct.
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