Kevin and Shuang have two children, ages 8 and 14. In 2021 they spend $16,200 on eligible employment related expenses for the care of their children after school. Kevin earned a salary of $15,200 and Shuang earned a salary of $68,000. What is the amount of the couple's credit for child and dependent care expenses for 2021? a. $4,000 b. $7,600 c. $8,000 d. $8,100

Answered: Kevin and Shuang have two children, ages 8 and 14. In 2021 they spend $16,200 on eligible employment related expenses for the care of their children after…

FINANCIAL ACCOUNTING

10th Edition

ISBN: 9781259964947

Author: Libby

Publisher: MCG

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Kevin and Shuang have two children, ages 8 and 14. In 2021 they spend $16,200 on eligible
employment related expenses for the care of their children after school. Kevin earned a salary of
$15,200 and Shuang earned a salary of $68,000. What is the amount of the couple's credit for child
and dependent care expenses for 2021?
a. $4,000
b. $7,600
c. $8,000
d. $8,100

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