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  91) Dane a single father with two dependent children, Elle,

Question :   91) Dane a single father with two dependent children, Elle, : 2125636

 

91) Dane is a single father with two dependent children, Elle, age 7 and Eva, age 5. He has AGI of $61,000 and paid $6,100 to a qualified day care center for the two children. What amount of child and dependent care credit can Dane receive this year?

A) $600.

B) $1,000.

C) $1,200.

D) $1,220.

92) Guillermo and Felicia are married, file a joint return, and have one dependent child; Hannah, age 6. Guillermo has earned income of $38,000. Felicia was a full-time student (for 8 months) with no income. They paid a qualified day care center $4,800. What is the amount of their child and dependent care credit for the year?

A) $0.

B) $460.

C) $600.

D) $4,800.

93) Sam is a single father with two dependent twin daughters, Amy and Amanda, ages 4. He has AGI of $31,000 and paid $5,300 to a qualified day care center. What amount of credit can Sam receive for child and dependent care credit?

A) $1,060.

B) $1,431.

C) $3,000.

D) $5,300.

94) Bob and Joyce are married, file a joint return, and have one dependent child, Dane, age 9. Bob has earned income of $72,000. Joyce was a full-time student (for nine months) with no income. They paid a qualified day care center $4,000. What amount of child and dependent care credit can Bob and Joyce receive?

A) $450.

B) $600.

C) $900.

D) $1,200.

95) Which of the following statements is true with regard to child and dependent care expense credit?

A) The maximum amount of expenses for one dependent is 35% of all qualified expenses.

B) Married taxpayers may file separate returns and still qualify for the credit.

C) If a spouse is attending school full- time, the credit cannot be claimed.

D) The credit phases out completely if the taxpayer's AGI exceeds certain amounts.

 

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