Taxation Credits
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Kevin and Sue have two children, ages 8 and 14. They spend $6,200 per year on eligible employment related
expenses for the care of their children after school. Kevin and Sue each earns a salary of $30,000. What is the
amount of the credit for child and dependent care expenses?
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Solution Summary
The solution answers the question, Kevin and Sue have two children, ages 8 and 14. They spend $6,200 per year on eligible employment related expenses for the care of their children after school. Kevin and Sue each earns a salary of $30,000. What is the amount of the credit for child and dependent care expenses?
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Kevin and Sue do not receive a credit for the 14 year old. Federal regulations mandate that the day a child turns 13, his or ...
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