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Tuan and Marisa Are Married,file a Joint Return,and Have Two

question 74

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Tuan and Marisa are married,file a joint return,and have two dependent children,Zack,age 6 and Aaron,age 5.Tuan has earned income of $72,000.Marisa was a full- time student (for nine months) with no income.They paid a qualified day care center $5,000.How much is Tuan and Marisa's child and dependent care credit for the year?


Definitions:

Investment

The action of allocating resources, usually money, with the expectation of generating an income or profit.

Geometric Mean

A type of mean or average, which indicates the central tendency of a set of numbers by using the product of their values and is particularly useful for proportional growth rates.

Rates Of Return

The gain or loss on an investment over a specified period, expressed as a percentage of the investment's initial cost.

Sample Mean

The average of all observations or data points in a sample.

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