What is the amount of the child and dependent care credit


Robert and Mary file a joint tax return for 2010, with adjusted gross income of $33,000. Robert and Mary earned income of $20,000 and $12,000 respectively, during 2008. 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
$1,500
Wilma, baby sitter (Robert's mother)
1,000
What is the amount of the child and dependent care credit they should report on their tax return for 2008?

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Accounting Basics: What is the amount of the child and dependent care credit
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