17. Horatio and Magdalena are married, file a joint return, and have two children, ages 3 and 6. Their combined AGI is $55,000. Horatio and Magdalena incur $6,500 of child care expenses during the current year. The child and dependent care credit is A) $600. B) $700. C) $750. D) $900.
17. Horatio and Magdalena are married, file a joint return, and have two children, ages 3 and 6. Their combined AGI is $55,000. Horatio and Magdalena incur $6,500 of child care expenses during the current year. The child and dependent care credit is A) $600. B) $700. C) $750. D) $900.
Chapter12: Tax Credits And Payments
Section: Chapter Questions
Problem 18CE
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Transcribed Image Text:17. Horatio and Magdalena are married, file a joint return, and have two children, ages
3 and 6. Their combined AGI is $55,000. Horatio and Magdalena incur $6,500 of child
care expenses during the current year. The child and dependent care credit is
A) $600.
B) $700.
C) $750.
D) $900.
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