Trudy is Jocelyn's friend. Trudy looks after Jocelyn's four-year-old son during the day so Jocelyn...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Trudy is Jocelyn's friend. Trudy looks after Jocelyn's four-year-old son during the day so Jocelyn can go to work. During the year, Jocelyn paid Trudy $4,080 to care for her son. What is the amount of Jocelyn's child and dependent care credit if her AGI for the year was $29,100? (Exhibit 8-10)
Multiple Choice $0 $810 $1,102 $4,080
EXHIBIT 8-10 Child and Dependent Care Credit Percentage
| If AGI is over | But not over | Then the percentage is |
|---|---|---|
| $ 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 |
| 35,000 | 37,000 | 24 |
| 37,000 | 39,000 | 23 |
| 39,000 | 41,000 | 22 |
| 41,000 | 43,000 | 21 |
| 43,000 | No limit | 20 |
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.