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Business, 21.04.2020 23:37 kayleevilla

Max and Alexandra are married and incur $5,500 of qualifying expenses to care for their two children, ages 2 and 5. Max's earned income is $35,000 and Alexandra's earnings from a part-time job are $5,000. What is the amount of the qualifying expenses for purposes of computing the child and dependent care credit?

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Max and Alexandra are married and incur $5,500 of qualifying expenses to care for their two children...

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