g and her spouse are both employees and salaries are their sole source of income. in the current year g's employment income was 99,000$ and her spouse was 102,000. they have two children ages 4 and 9. child care expenses for the year include the following: day care fees of 11,000 for the 4 year old after school day care fees of 4200 for the 9 year old. what is the maxium amount that can be deducted from g's income for tax purposes in the current year
g and her spouse are both employees and salaries are their sole source of income. in the current year g's employment income was 99,000$ and her spouse was 102,000. they have two children ages 4 and 9. child care expenses for the year include the following: day care fees of 11,000 for the 4 year old after school day care fees of 4200 for the 9 year old. what is the maxium amount that can be deducted from g's income for tax purposes in the current year
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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g and her spouse are both employees and salaries are their sole source of income. in the current year g's employment income was 99,000$ and her spouse was 102,000. they have two children ages 4 and 9. child care expenses for the year include the following: day care fees of 11,000 for the 4 year old after school day care fees of 4200 for the 9 year old. what is the maxium amount that can be deducted from g's income for tax purposes in the current year
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