FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Allie and Buddy are married, file a joint return, and have one son, Zack, age 5. Buddy has earned income
of $48,000, and Allie was a full-time student for nine months (with no income). They paid a qualified child
care center $3,450. How much is Allie and Buddy's child and dependent care credit for the year? (tax year
2021)
Use Child and Dependent Care Credit AGI schedule.
Multiple Choice
SO.
$1,125.
$1,725.
$3,450.
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Transcribed Image Text:Allie and Buddy are married, file a joint return, and have one son, Zack, age 5. Buddy has earned income of $48,000, and Allie was a full-time student for nine months (with no income). They paid a qualified child care center $3,450. How much is Allie and Buddy's child and dependent care credit for the year? (tax year 2021) Use Child and Dependent Care Credit AGI schedule. Multiple Choice SO. $1,125. $1,725. $3,450.
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