Ivanna who has three children under age 13 worked full-time while her spouse Sergio was attending...

Question

Ivanna who has three children under age 13 worked full-time while her spouse Sergio was attending college for nine months during the year Ivana earned $28,000 and incurred 9100 of child care expenses her percentage chart is 28% for the kids Devana and Surgi has credit for child independent care expenses is 20 is

Rochak · Accepted Answer

A person who is going to college is presumed to contribute $500 per month. Therefore, Sergio’s earnings will be:
= $500 * 9 months
= $4,500
The tax credit will be:
= 28% * $4,500
= $1,250
Sergio’s credit for the period will be $1,260

Ivanna who has three children under age 13 worked full-time while her spouse Sergio was attending college for nine months during the year Ivana earned $28,000 and incurred 9100 of child care expenses...

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