subject
Mathematics, 22.03.2021 17:10 liddopiink1

Problem 7-9 Child and Dependent Care Credit (LO 7.3)

Calculate the amount of the child and dependent care credit allowed before any tax liability limitations or other credits for 2019 in each of the following cases, assuming the taxpayers had no income other than the stated amounts.

TABLE 6.1 CHILD AND DEPENDENT CARE CREDIT PERCENTAGES
Adjusted Gross Income Applicable Percentage
Over But Not Over
$0 – $15,000 35%
15,000 – 17,000 34%
17,000 – 19,000 33%
19,000 – 21,000 32%
21,000 – 23,000 31%
23,000 – 25,000 30%
25,000 – 27,000 29%
27,000 – 29,000 28%
29,000 – 31,000 27%
31,000 – 33,000 26%
33,000 – 35,000 25%
35,000 – 37,000 24%
37,000 – 39,000 23%
39,000 – 41,000 22%
41,000 – 43,000 21%
43,000 – No limit 20%
a. William and Carla file a joint tax return. Carla earned $27,500 during the year, while William attended law school full-time for 9 months and earned no income. They paid $3,500 for the care of their 3-year-old child, Carl.

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 19:00
Find the equation of a line whose slope is 2/5 and y- intercept is 2.write your answer in the form 1) ax+by+c=02) x/a+y/b=1
Answers: 1
question
Mathematics, 21.06.2019 20:30
Which expression is equivalent to (4 +6i)^2? ? -20 + 48i 8 + 12i 16 - 36i 20 + 48i
Answers: 1
question
Mathematics, 21.06.2019 20:30
1yd 1 ft = 1 1/12 1 1/3 1 1/2 1 1/6
Answers: 1
question
Mathematics, 21.06.2019 21:00
Ariana starts with 100 milligrams of a radioactive substance. the amount of the substance decreases by 20% each week for a number of weeks, w. the expression 100(1βˆ’0.2)w finds the amount of radioactive substance remaining after w weeks. which statement about this expression is true? a) it is the difference between the initial amount and the percent decrease. b) it is the difference between the initial amount and the decay factor after w weeks. c) it is the initial amount raised to the decay factor after w weeks. d) it is the product of the initial amount and the decay factor after w weeks.
Answers: 1
You know the right answer?
Problem 7-9 Child and Dependent Care Credit (LO 7.3)

Calculate the amount of the child...
Questions
question
English, 18.08.2019 19:00
question
Social Studies, 18.08.2019 19:00
Questions on the website: 13722367