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OlgaM077 [116]
3 years ago
6

1. Marty and Jean are married and have 4-year-old twins. Jean is going to school full-time for 9 months of the year, and Marty e

arns $45,000. The twins are in day care so Jean can go to school while Marty is at work. The cost of day care is $10,000. What is their child and dependent care credit? Please explain your calculation. _________________________________________________________________
Business
1 answer:
Pavel [41]3 years ago
4 0

Answer: $2,000

Explanation:

-Use form 2441 on the IRS website for 2019.

-Wages earned=$45,000, therefore, it would be between "over 43,000 but not over 'No Limit' " which is 20% (.20)

-$10,000(paid in daycare) × .20 = $2,000

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2 years ago
15. Rick Barr Inc. is considering a new product line that has expected sales of $500,000 per year for each of the next 5 years.
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Answer: A.) $250,900

Explanation:

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8 0
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5 0
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