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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?
Shovel
A tool typically used for digging, lifting, and moving bulk materials, such as soil, coal, gravel, snow, sand, or ore.
Demand Curve
A graphical representation that shows the relationship between the quantity of a good that consumers are willing to purchase and its price.
Consumers
Individuals or groups who purchase goods and services for personal use and not for manufacturing or resale purposes.
Microeconomic Theory
The study of individual, household, and firm behaviors in decision making and allocation of resources.
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