Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. debra has two children under the age of 13 and she

Debra has two children under the age of 13 and she works full-time. Debra pays...

70.2K

Verified Solution

Question

Accounting

Debra has two children under the age of 13 and she works full-time. Debra pays $7,600 in qualified dependent expenses. Her wages are $38,000. Debra's employer has a qualified dependent care assistance program and reimbursed Debra $5,300. The payment reduces Debra's taxable wages to $32,700. How much is Debra's child and dependent care credit? Child and dependent care credit $
image
Debra has two children under the age of 13 and she works full-time. Debra pays $7,600 in qualified dependent expenses. Her wages are $38,000. Debra's employer has a qualified dependent care assistance program and reimbursed Debra $5,300. The payment reduces Debra's taxable wages to $32,700. How much is Debra's child and dependent care credit? Child and dependent care credit

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students