SlideShare a Scribd company logo
1 of 1
Download to read offline
any unused general credit must be carried Fred and Wilma are marreid and file a joint income tax
return One their tax return, they report $44,000 of adjusted gross income ($20,000 salary earned
by Fred and $94,000 salary earned by Wilma) and claim two exemptions for their dependent
children. During the year, they pay the following amounts to care for their 4-year old twin sons
while they work. The amount paid to each provider is split equally between the boys. ABC Day
Care Center $ 4,000 Blue Ridge Housekeeping Services 3,000 Mrs. Mason (Harrry's mother)
1,000 Harry and Wilma may claim a credit for child and dependent care expenses of: $1,200
$1,600 $7,000 $8,000
Solution
d. dependant care expenses of child is $8000.

More Related Content

More from aksons1

Are we currently in Discretionary Fiscal Policy Expanisionary or Con.pdf
Are we currently in Discretionary Fiscal Policy Expanisionary or Con.pdfAre we currently in Discretionary Fiscal Policy Expanisionary or Con.pdf
Are we currently in Discretionary Fiscal Policy Expanisionary or Con.pdfaksons1
 
Are there ethical considerations we should consider during the the e.pdf
Are there ethical considerations we should consider during the the e.pdfAre there ethical considerations we should consider during the the e.pdf
Are there ethical considerations we should consider during the the e.pdfaksons1
 
Are there any other parties, aside from shareholders, who have a leg.pdf
Are there any other parties, aside from shareholders, who have a leg.pdfAre there any other parties, aside from shareholders, who have a leg.pdf
Are there any other parties, aside from shareholders, who have a leg.pdfaksons1
 
Are there any good reasons to have 12 Federal Reserve banks scattere.pdf
Are there any good reasons to have 12 Federal Reserve banks scattere.pdfAre there any good reasons to have 12 Federal Reserve banks scattere.pdf
Are there any good reasons to have 12 Federal Reserve banks scattere.pdfaksons1
 
Are the following statements about probability TRUE or FALSE. Please.pdf
Are the following statements about probability TRUE or FALSE. Please.pdfAre the following statements about probability TRUE or FALSE. Please.pdf
Are the following statements about probability TRUE or FALSE. Please.pdfaksons1
 
Are Social Security benefits paid to Ds family at Ds death inclu.pdf
Are Social Security benefits paid to Ds family at Ds death inclu.pdfAre Social Security benefits paid to Ds family at Ds death inclu.pdf
Are Social Security benefits paid to Ds family at Ds death inclu.pdfaksons1
 
Are leaders born or madeSolutionLeaders are madeLeadership .pdf
Are leaders born or madeSolutionLeaders are madeLeadership .pdfAre leaders born or madeSolutionLeaders are madeLeadership .pdf
Are leaders born or madeSolutionLeaders are madeLeadership .pdfaksons1
 
Archware Systems has total assets of $35.594 billion, total debt of .pdf
Archware Systems has total assets of $35.594 billion, total debt of .pdfArchware Systems has total assets of $35.594 billion, total debt of .pdf
Archware Systems has total assets of $35.594 billion, total debt of .pdfaksons1
 
Application of Eulers formula Prove the following identities. c.pdf
Application of Eulers formula Prove the following identities. c.pdfApplication of Eulers formula Prove the following identities. c.pdf
Application of Eulers formula Prove the following identities. c.pdfaksons1
 
approximatly 10 of american high school students drop out of school.pdf
approximatly 10 of american high school students drop out of school.pdfapproximatly 10 of american high school students drop out of school.pdf
approximatly 10 of american high school students drop out of school.pdfaksons1
 
aplia ch 16 b7. The money creation processSupp.pdf
aplia ch 16 b7. The money creation processSupp.pdfaplia ch 16 b7. The money creation processSupp.pdf
aplia ch 16 b7. The money creation processSupp.pdfaksons1
 
Aplia Ch 131. Financial institutions in the U.S. economy.pdf
Aplia Ch 131. Financial institutions in the U.S. economy.pdfAplia Ch 131. Financial institutions in the U.S. economy.pdf
Aplia Ch 131. Financial institutions in the U.S. economy.pdfaksons1
 
Appraise the importance of the OD field in terms of its benefits in .pdf
Appraise the importance of the OD field in terms of its benefits in .pdfAppraise the importance of the OD field in terms of its benefits in .pdf
Appraise the importance of the OD field in terms of its benefits in .pdfaksons1
 

More from aksons1 (13)

Are we currently in Discretionary Fiscal Policy Expanisionary or Con.pdf
Are we currently in Discretionary Fiscal Policy Expanisionary or Con.pdfAre we currently in Discretionary Fiscal Policy Expanisionary or Con.pdf
Are we currently in Discretionary Fiscal Policy Expanisionary or Con.pdf
 
Are there ethical considerations we should consider during the the e.pdf
Are there ethical considerations we should consider during the the e.pdfAre there ethical considerations we should consider during the the e.pdf
Are there ethical considerations we should consider during the the e.pdf
 
Are there any other parties, aside from shareholders, who have a leg.pdf
Are there any other parties, aside from shareholders, who have a leg.pdfAre there any other parties, aside from shareholders, who have a leg.pdf
Are there any other parties, aside from shareholders, who have a leg.pdf
 
Are there any good reasons to have 12 Federal Reserve banks scattere.pdf
Are there any good reasons to have 12 Federal Reserve banks scattere.pdfAre there any good reasons to have 12 Federal Reserve banks scattere.pdf
Are there any good reasons to have 12 Federal Reserve banks scattere.pdf
 
Are the following statements about probability TRUE or FALSE. Please.pdf
Are the following statements about probability TRUE or FALSE. Please.pdfAre the following statements about probability TRUE or FALSE. Please.pdf
Are the following statements about probability TRUE or FALSE. Please.pdf
 
Are Social Security benefits paid to Ds family at Ds death inclu.pdf
Are Social Security benefits paid to Ds family at Ds death inclu.pdfAre Social Security benefits paid to Ds family at Ds death inclu.pdf
Are Social Security benefits paid to Ds family at Ds death inclu.pdf
 
Are leaders born or madeSolutionLeaders are madeLeadership .pdf
Are leaders born or madeSolutionLeaders are madeLeadership .pdfAre leaders born or madeSolutionLeaders are madeLeadership .pdf
Are leaders born or madeSolutionLeaders are madeLeadership .pdf
 
Archware Systems has total assets of $35.594 billion, total debt of .pdf
Archware Systems has total assets of $35.594 billion, total debt of .pdfArchware Systems has total assets of $35.594 billion, total debt of .pdf
Archware Systems has total assets of $35.594 billion, total debt of .pdf
 
Application of Eulers formula Prove the following identities. c.pdf
Application of Eulers formula Prove the following identities. c.pdfApplication of Eulers formula Prove the following identities. c.pdf
Application of Eulers formula Prove the following identities. c.pdf
 
approximatly 10 of american high school students drop out of school.pdf
approximatly 10 of american high school students drop out of school.pdfapproximatly 10 of american high school students drop out of school.pdf
approximatly 10 of american high school students drop out of school.pdf
 
aplia ch 16 b7. The money creation processSupp.pdf
aplia ch 16 b7. The money creation processSupp.pdfaplia ch 16 b7. The money creation processSupp.pdf
aplia ch 16 b7. The money creation processSupp.pdf
 
Aplia Ch 131. Financial institutions in the U.S. economy.pdf
Aplia Ch 131. Financial institutions in the U.S. economy.pdfAplia Ch 131. Financial institutions in the U.S. economy.pdf
Aplia Ch 131. Financial institutions in the U.S. economy.pdf
 
Appraise the importance of the OD field in terms of its benefits in .pdf
Appraise the importance of the OD field in terms of its benefits in .pdfAppraise the importance of the OD field in terms of its benefits in .pdf
Appraise the importance of the OD field in terms of its benefits in .pdf
 

Recently uploaded

BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdfBASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdfSoniaTolstoy
 
Sanyam Choudhary Chemistry practical.pdf
Sanyam Choudhary Chemistry practical.pdfSanyam Choudhary Chemistry practical.pdf
Sanyam Choudhary Chemistry practical.pdfsanyamsingh5019
 
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdfssuser54595a
 
Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...
Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...
Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...Krashi Coaching
 
Arihant handbook biology for class 11 .pdf
Arihant handbook biology for class 11 .pdfArihant handbook biology for class 11 .pdf
Arihant handbook biology for class 11 .pdfchloefrazer622
 
APM Welcome, APM North West Network Conference, Synergies Across Sectors
APM Welcome, APM North West Network Conference, Synergies Across SectorsAPM Welcome, APM North West Network Conference, Synergies Across Sectors
APM Welcome, APM North West Network Conference, Synergies Across SectorsAssociation for Project Management
 
PSYCHIATRIC History collection FORMAT.pptx
PSYCHIATRIC   History collection FORMAT.pptxPSYCHIATRIC   History collection FORMAT.pptx
PSYCHIATRIC History collection FORMAT.pptxPoojaSen20
 
Introduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxIntroduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxpboyjonauth
 
Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)eniolaolutunde
 
Hybridoma Technology ( Production , Purification , and Application )
Hybridoma Technology  ( Production , Purification , and Application  ) Hybridoma Technology  ( Production , Purification , and Application  )
Hybridoma Technology ( Production , Purification , and Application ) Sakshi Ghasle
 
CARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptxCARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptxGaneshChakor2
 
Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingTechSoup
 
Q4-W6-Restating Informational Text Grade 3
Q4-W6-Restating Informational Text Grade 3Q4-W6-Restating Informational Text Grade 3
Q4-W6-Restating Informational Text Grade 3JemimahLaneBuaron
 
_Math 4-Q4 Week 5.pptx Steps in Collecting Data
_Math 4-Q4 Week 5.pptx Steps in Collecting Data_Math 4-Q4 Week 5.pptx Steps in Collecting Data
_Math 4-Q4 Week 5.pptx Steps in Collecting DataJhengPantaleon
 
The basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxThe basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxheathfieldcps1
 
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptxContemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptxRoyAbrique
 
The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13Steve Thomason
 
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991RKavithamani
 
URLs and Routing in the Odoo 17 Website App
URLs and Routing in the Odoo 17 Website AppURLs and Routing in the Odoo 17 Website App
URLs and Routing in the Odoo 17 Website AppCeline George
 
A Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformA Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformChameera Dedduwage
 

Recently uploaded (20)

BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdfBASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdf
 
Sanyam Choudhary Chemistry practical.pdf
Sanyam Choudhary Chemistry practical.pdfSanyam Choudhary Chemistry practical.pdf
Sanyam Choudhary Chemistry practical.pdf
 
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
 
Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...
Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...
Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...
 
Arihant handbook biology for class 11 .pdf
Arihant handbook biology for class 11 .pdfArihant handbook biology for class 11 .pdf
Arihant handbook biology for class 11 .pdf
 
APM Welcome, APM North West Network Conference, Synergies Across Sectors
APM Welcome, APM North West Network Conference, Synergies Across SectorsAPM Welcome, APM North West Network Conference, Synergies Across Sectors
APM Welcome, APM North West Network Conference, Synergies Across Sectors
 
PSYCHIATRIC History collection FORMAT.pptx
PSYCHIATRIC   History collection FORMAT.pptxPSYCHIATRIC   History collection FORMAT.pptx
PSYCHIATRIC History collection FORMAT.pptx
 
Introduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxIntroduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptx
 
Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)
 
Hybridoma Technology ( Production , Purification , and Application )
Hybridoma Technology  ( Production , Purification , and Application  ) Hybridoma Technology  ( Production , Purification , and Application  )
Hybridoma Technology ( Production , Purification , and Application )
 
CARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptxCARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptx
 
Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy Consulting
 
Q4-W6-Restating Informational Text Grade 3
Q4-W6-Restating Informational Text Grade 3Q4-W6-Restating Informational Text Grade 3
Q4-W6-Restating Informational Text Grade 3
 
_Math 4-Q4 Week 5.pptx Steps in Collecting Data
_Math 4-Q4 Week 5.pptx Steps in Collecting Data_Math 4-Q4 Week 5.pptx Steps in Collecting Data
_Math 4-Q4 Week 5.pptx Steps in Collecting Data
 
The basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxThe basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptx
 
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptxContemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
 
The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13
 
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
 
URLs and Routing in the Odoo 17 Website App
URLs and Routing in the Odoo 17 Website AppURLs and Routing in the Odoo 17 Website App
URLs and Routing in the Odoo 17 Website App
 
A Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformA Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy Reform
 

any unused general credit must be carried Fred and Wilma are marreid.pdf

  • 1. any unused general credit must be carried Fred and Wilma are marreid and file a joint income tax return One their tax return, they report $44,000 of adjusted gross income ($20,000 salary earned by Fred and $94,000 salary earned by Wilma) and claim two exemptions for their dependent children. During the year, they pay the following amounts to care for their 4-year old twin sons while they work. The amount paid to each provider is split equally between the boys. ABC Day Care Center $ 4,000 Blue Ridge Housekeeping Services 3,000 Mrs. Mason (Harrry's mother) 1,000 Harry and Wilma may claim a credit for child and dependent care expenses of: $1,200 $1,600 $7,000 $8,000 Solution d. dependant care expenses of child is $8000.