Adjusted Gross Income Over But Not Over Applicable Rate of Credit $ 0 $15,000 35% 15,000 17,000...
| Adjusted Gross Income | ||||||
|---|---|---|---|---|---|---|
| Over | But Not Over | Applicable Rate of Credit | ||||
| $ 0 | $15,000 | 35% | ||||
| 15,000 | 17,000 | 34% | ||||
| 17,000 | 19,000 | 33% | ||||
| 19,000 | 21,000 | 32% | ||||
| 21,000 | 23,000 | 31% | ||||
| 23,000 | 25,000 | 30% | ||||
| 25,000 | 27,000 | 29% | ||||
| 27,000 | 29,000 | 28% | ||||
| 29,000 | 31,000 | 27% | ||||
| 31,000 | 33,000 | 26% | ||||
| 33,000 | 35,000 | 25% | ||||
| 35,000 | 37,000 | 24% | ||||
| 37,000 | 39,000 | 23% | ||||
| 39,000 | 41,000 | 22% | ||||
| 41,000 | 43,000 | 21% | ||||
| 43,000 | No limit | 20% | ||||
Ivanna, who has three children under age 13, worked full-time while her husband, Sergio, was attending college for nine months during the year. Ivanna earned $48,025 and incurred $7,375 of child care expenses.
Click here to access the percentage chart to us for this problem.
The amount of Ivanna and Sergio's credit for child and dependent care expenses is $_________?
Homework Answers
Add Answer to:
Adjusted Gross Income
Over
But Not Over
Applicable Rate of Credit
$ 0
$15,000
35%
15,000
17,000...
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Click here to access Exhibit 13.3 Earned Income Credit and
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Carry out computations to two decimal places, and round your
final answer to the nearest dollar.
Enter the amount of Emmanuel and Camille's earned income credit:
$_______
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Emmanuel and Camille are married, file jointly, and have two
children, ages three and seven, whom they support. Their AGI is
$28,470.
Click here to access Exhibit 13.3 Earned Income Credit and
Phaseout Percentages.
Carry out computations to two decimal places, and round your
final answer to the nearest dollar.
Enter the amount of Emmanuel and Camille's earned income credit:
$_______
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