Clark, a widower, maintains a household for himself and his two dependent presch

Question

Clark, a widower, maintains a household for himself and his two dependent preschool children. For the year ended December 31, 2015, Clark earned a salary of $32,000. He paid $3,600 to a housekeeper to care for his children in his home, and also paid $1,500 to a kiddie play camp for child care. He had no other income or expenses during 2015. How much can Clark claim as a child and dependent care credit in 2015?

$910

$1,300

$1,326

$5,100

None of the above

$910

$1,300

$1,326

$5,100

None of the above

Explanation / Answer

26% of the total amount which Clark has spent on the housekeeper and kiddie play camp of $ 3,600 + $ 1,500 =
$ 5,100 viz. $ 1,326 is the amount which Clark can claim as a child and dependent care credit in 2015.

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects