Clark, a widower, maintains a household for himself and his two dependent preschool children. For the year ended December 31, 2018, 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 2018. Before considering any limitation due to tax liability, how much can Clark claim as a child and dependent care credit in 2018?

Question

Samir

2 March, 18:47

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Answers (1)

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Mario Horn · Answer 1

Step-by-step explanation:

$32,000 - ($3600+$1500) = $32,000 - $5100 = $26,900

.: Clark claims $26,900 as a child and dependent care credit in 2018.