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In: Accounting

Amy is Single mother with three dependent children, one age 11 and the other age 8...

Amy is Single mother with three dependent children, one age 11 and the other age 8 and 14. Her adjusted gross income for 2017 is $25,000 and she incurs qualified childcare expenses of $15,000, ( $5,000 for each child. )

A. What is the amount of Amy's qualified childcare expenses after any limitaiton?

$________

B. Calculate the amount of Amy's childcare credit for 2017.

$________

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Expert Solution

ekkarill92 answered 1 year ago
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