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Martha has a 3-year-old child and pays $10,000 a year in day care costs. Her...

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Accounting

Martha has a 3-year-old child and pays $10,000 a year in day care costs. Her salary is $45,000. TABLE 6.1 CHILD AND DEPENDENT CARE CREDIT PERCENTAGES Adjusted Gross Income Applicable Percentage Over But Not Over $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%

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