Billy and Peg have two children, ages 8 and 14. They spent a
total of $6,200 this year ($3,100 per child) on employment related
expenses for the care of their children after school. Billy earned
a salary of $17,000 and Peg earned a salary of $19,000. They do not
have any deductions for AGI, and they file a joint return.
Calculate the dollar amount of their tax credit for child and
dependent care expenses.
A. $1,380. B. $1,035. C. $1,488....