46) Sean and Jenny married, file a joint return and : 2125627
46) Sean and Jenny are married, file a joint return and have two dependent children, Blake, age 9 and Jake, age 5. Sean has earned income of $72,000. Jenny was a full-time student (for nine months) with no income. They paid a qualified day care center $7,000. What amount of child and dependent care credit can Sean and Jenny receive?
47) A qualifying individual for the purposes of the child and dependent care expenses credit includes all of the following except:
A) A dependent under the age of 13.
B) An adult child who is incapable of caring for himself/herself.
C) A dependent child, age of 17 who attends school full time.
D) A spouse who is incapable of caring for himself/herself.
48) Which of the following statements is not true with regard to the child and dependent care expense credit?
A) The maximum amount of expenses for one dependent is $3,000.
B) Married taxpayers must file joint returns.
C) A non-working spouse attending school full-time is deemed to have earned income of $250 per month for one qualifying person.
D) The maximum amount of expenses for two or more dependents is $6,000.
49) Kylie is a single mom with two dependent children, Tanner, age 7 and Olivia, age 11. She has AGI of $36,000 and paid $5,300 to a qualified day care center for the two children. What amount of credit can Kylie receive for the child and dependent care credit?
50) April and Joey are both 74 years old and received $1,500 in nontaxable social security benefits. Their AGI for the year was $18,000. How much can April and Joey claim as a credit for the elderly or the disabled?