User Account

All Pages

How much was their child and dependent care tax credit

Assignment Help Accounting Basics
Reference no: EM132488215

Question - Gabe and Dana are married and file jointly. For 2019, Gabe earned $150,000 and Dana earned $20,000 working part time as a party planner. They have two young children, a 4-year old son, Mike, and a 6-year old daughter, Chrissy. In order to work, they paid the following for day care to have their children watched and cared for:

Best Beginning Day Care $4,000

Bay Child Care & Housekeepin 2,000

Mrs. Goetz (Dana's mother) 1,000

Required - How much was their child and dependent care tax credit for 2019?

Reference no: EM132488215

Questions Cloud

Determining net present value of a particular investment : The selection of an appropriate discount rate for determining net present value of a particular investment proposal does not depend on?
How have you heard people say that world is getting smaller : How often have you heard people say that the world is getting smaller? Your life today is affected by the decisions and actions of people in other parts.
What are all implied journal entries : On December 31, 2020, Central Freight reported an allowance for uncollectible accounts of $15,300. What are all implied journal entries
Write a conclusion in a complete sentence in plain english : In a clinical study of an allergy drug, 103 of the 202 subjects reported experiencing significant relief from their symptoms. At the 0.01 significance level
How much was their child and dependent care tax credit : Gabe and Dana are married and file jointly. For 2019, Gabe earned $150,000. How much was their child and dependent care tax credit for 2019
How much each class of stock should receive : Preferred dividends were not paid during the 2 years preceding the current year, state how much each class of stock should receive under each
Probability that two randomly selected 4-year-old male : The probability that a randomly selected 4-year-old male stink bug will live to be 5 years old is 0.93899
What are the january ending inventory : What are the January 31 ending inventory and cost of goods sold for January, assuming Denver uses LIFO and a perpetual inventory system
What was challenging about the interview : What did you learn about your selected person and their preferred love languages from your interview? What was challenging about the interview?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd