What is the amount of child and dependent care credit


Question: Devon and Tyra Beacon are married and file a joint income tax return. Both were employed during the current yea and earned the following salaries: Tyra Devon ?$125,000110,000? To enable Tyra to work, the Beacons incurred at-home child care expenses of $12,000 for their 2 -year-old daughter. What is the amount of Child and Dependent Care Credit the Beacons can claim for the current year? A. $0 B. $600 C. $1,200 D. $1,050

 

 

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What is the amount of child and dependent care credit
Reference No:- TGS03425176

Expected delivery within 24 Hours