Chanelle is a single mother of 3-year old twins. She is going to school and also working part-time. She earns $18,000 in 2022. She also receives $2,000 per month in child support. Her child care costs are $7,500 per year for each child. How much can she deduct on her 2022 tax return? $7,500 $0, since the child support exceeds the child care costs. $16,000 $12,000
Chanelle is a single mother of 3-year old twins. She is going to school and also working part-time. She earns $18,000 in 2022. She also receives $2,000 per month in child support. Her child care costs are $7,500 per year for each child. How much can she deduct on her 2022 tax return? $7,500 $0, since the child support exceeds the child care costs. $16,000 $12,000
Chapter8: Taxation Of Individuals
Section: Chapter Questions
Problem 70TA
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Question
Transcribed Image Text:Chanelle is a single mother of 3-year
old twins. She is going to school and
also working part-time. She earns
$18,000 in 2022. She also receives
$2,000 per month in child support. Her
child care costs are $7,500 per year for
each child. How much can she deduct
on her 2022 tax return?
$7,500
$0, since the child support
exceeds the child care costs.
$16,000
$12,000
$15,000
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