Paul and Karen Kent are married, and both are employed (Paul earned $44,000 and Karen...
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Paul and Karen Kent are married, and both are employed (Paul earned $44,000 and Karen earned $9,000 in 2021). Paul and Karen have two dependent children, Samuel and Joy, both under the age of 13. Paul and Karen pay $3,800 ($1,900 for each child) to Sunnyside Day Care Center (422 Sycamore Road, Ft. Worth, TX 76028; Employer Identification Number 11-2345678), to care for their children while they are working.
Click to view Applicable Rate of Credit based on Adjusted Gross Income.
Assuming that Paul and Karen file a joint return, what, if any, is their tax credit for child and dependent care expenses? $fill in the blank 1.
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