In: 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 $4,040 to care for her son. What is the amount of Jocelyn's child and dependent care credit if her AGI for the year was $30,400? (Exhibit 8-9)