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Sam and Megan are married with two dependent children.Both Sam and Megan work,earning $50,000 and $55,000,respectively.Their AGI totals $110,000.They incur $6,500 of qualifying child care expenses of which $2,500 is reimbursed by Megan's dependent care program at work.
What is the amount of their child and dependent care credit?
Reconstituted Families
Families that are formed by bringing together the children of previous marriages or relationships.
Highly Involved Relatives
Family members who actively participate or engage significantly in the care, support, or affairs of their loved ones, showing a deep commitment to their wellbeing.
Family Structure
The composition and organization of a family, including the relationships and roles within the household.
Emotional Support
Emotional support involves providing empathy, love, and encouragement to someone, helping boost their emotional well-being during times of stress or difficulty.
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