Discuss the dependant care expenses


Paul and karen are married and both are employed (Paul earned $44,000 and Karen earned $9,000). Paul and Karen have two dependant children, both under the age of 13. Paul and Karen pay $3,800 to vairous unrelated parties to care for their children while they are working. Assuming that Paul and Karen file a joint return, what, if any, is their tax credit for child and dependant care expenses?

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Accounting Basics: Discuss the dependant care expenses
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