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?

Question

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

KIM · Answer

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.