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12 May, 17:44

Mr. and Mrs. Alexander have two dependent children. They paid $7,200 wages to a housekeeper to care for the children and $549 employer payroll tax on her wages. Mr. and Mrs. Alexander file a joint return. Assume the taxable year is 2019.

Compute their dependent care credit if one child is age 10, and the other is age 15. Mr. Alexander's earned income is $75,000, and Mrs. Alexander has no earned income. Their AGI is $81,300.

Compute their dependent care credit if one child is age 2, and the other is age 6. Mr. Alexander's earned income is $45,000, and Mrs. Alexander's earned income is $28,000. Their AGI is $81,300.

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  1. 12 May, 19:50
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    81,300 - 75,000 = $ 6,300

    Dependent care credit if one child is age 10, and the other is age 15 = $ 3,000

    $45,000 + $28,000 = $ 73,000

    81,300 - 73,000 = $ 8,300

    Dependent care credit if one child is age 2, and the other is age 6 = $ 6,000

    As the age of child should be under 13.
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