Sue is a single mom in the 15 percent marginal tax bracket.Her son,Billy,is in daycare,which costs $8,600 annually.How much will Sue's dependent care credit be if she qualifies for a 30 percent credit?

Question

Quizplus · Accepted Answer

To calculate the dependent care credit, multiply the expenses by the percentage of credit. 
So, Sue's credit would be:
$8,600 x 0.30 = $2,580.
Therefore, the answer is B.

Sue Is a Single Mom in the 15 Percent Marginal