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. Complete Form 2441 for Paul and Karen; their AGI is $53,750, and their tax liability...

. Complete Form 2441 for Paul and Karen; their AGI is $53,750, and their tax liability before any available child care credit is $2,825. Relevant Social Security numbers are as follows: Paul (123-45-6789); Sam (123-45-6788); Joy (123-45-6787). Neither Paul nor Karen received any child care benefits from their employers. Enter amounts as positive numbers.

Solutions

Expert Solution

Assumptions:

1. The childcare expenses have been assumed $3000 per child and $6000 for two children. As it is the upper limit of expenditure allowed in form 2441.

2. As the earned income of Sam was not given, the earned income is assumed as $30000

ekkarill92 answered 1 year ago
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