Julie paid a day care center to watch her two-year-old son while she worked as a computer programmer for a local start-up company. What amount of child and dependent care credit can Julie claim if she  paid $2,020 to the day care center and her AGI is $50,000 (all salary)? Child and dependent care credit = ?

Income Tax Fundamentals 2020
38th Edition
ISBN:9780357391129
Author:WHITTENBURG
Publisher:WHITTENBURG
Chapter2: Gross Income And Exclusions
Section: Chapter Questions
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Julie paid a day care center to watch her two-year-old son while she worked as a computer programmer for a local start-up company.

What amount of child and dependent care credit can Julie claim if she  paid $2,020 to the day care center and her AGI is $50,000 (all salary)?

Child and dependent care credit = ?

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