Asked by Andy
Kobe is a single dad with two dependent children, Lizzie, age 7 and Leslie, age 3. He has AGI of $51,000 and paid $6,300 to a qualified day care center. What amount of credit can Kobe receive for the child and dependent care credit?
A. $600
B. $1,200
C. $1,260
D. $6,300
is it D
A. $600
B. $1,200
C. $1,260
D. $6,300
is it D
Answers
Answered by
KIM
Kobe AGI is 51,000 which means he gets a 20% tax credit(according to the tax credit% chart). Which means 6,300 times 20%. The answer is C. $1,260.
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