Mr. and Mrs. Grnager are both full-time employees. Their three children are 16, 6, and 3 years old. The Grangers spent $13,750 in qualifying expenditures for their two youngest children's child care in 2021. How much of their qualifying expenditures may they consider when claiming the Child and Dependent Car Credit

Debra has two children under the age of 13 and she works full-time. Debra pays $7.600 in qualified dependent expenses. Her wages are $38,000. Debra's employer has a qualified dependent care assistance program and reimbursed Debra $5,300. The payment reduces Debra's taxable wages to $32.700. How much is Debra's child and dependent care credit? Child and dependent care credit $

Ashley Panda lives at 1310 Meadow Lane, Wayne, OH 43466, and her Social Security number is 123-45-6777. Ashley is single and has a 20-year-old son, Bill. His Social Security number is 111-11-1112. Bill lives with Ashley, and she fully supports him. Bill spent 2020 traveling in Europe and was not a college student. He had gross income of $4,655 in 2020. Bill paid $4,000 of lodging expenses that Ashley reimbursed after they were fully documented. Ashley paid the $4,000 to Bill using a check from her sole proprietorship. That amount is not included in the items listed below. Ashley had substantial health problems during 2020, and many of her expenses were not reimbursed by her health insurance. Ashley owns Panda Enterprises LLC (98-7654321), a data processing service that she reports as a sole proprietorship. Her business is located at 456 Hill Street, Wayne, OH 43466. The business activity code is 514210. Her 2020 Form 1040, Schedule C for Panda Enterprises shows revenues of $315,000,…

In 2022, Laureen is currently single. She paid $2,580 of qualified tuition and related expenses for each of her twin daughters Sheri and Meri to attend State University as freshmen ($2,580 each, for a total of $5,160). Sheri and Meri qualify as Laureen's dependents. Laureen also paid $1,840 for her son Ryan's (also Laureen's dependent) tuition and related expenses to attend his Junior year at State University. Finally, Laureen paid $1,340 for herself to attend seminars at a community college to help her improve her job skills. What is the maximum amount of education credits Laureen can claim for these expenditures in each of the following alternative scenarios? Note: Leave no answer blank. Enter zero if applicable. Required: a. Laureen's AGI is $45,000. b. Laureen's AGI IS $95,000. c. Laureen's AGI is $45,000, and Laureen paid $12,280 (not $1,840) for Ryan to attend graduate school (i.e., his fifth year, not his junior year). Complete this question by entering your answers in the tabs…