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Business, 03.12.2019 03:31 avirostko725

Jim and mary jean are married and have two dependent children under the age of 13. both parents are gainfully employed and during 2018 earn salaries as follows: $16,000 (jim) and $5,200 (mary jean). to care for their children while they work, they pay eleanor (jim’s mother) $5,600. eleanor does not qualify as a dependent of jim and mary jean. assuming that jim and mary jean file a joint tax return, what, if any, is their credit for child and dependent care expenses?

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