Question

A daycare facility watches the taxpayer's two (2) children for a cost of $4,500 apiece during TY2022. At the same time, the employer pays for $3,000 apiece as a dependent care benefit to the taxpayer as a working benefit. What amount of expenses is the taxpayer allowed to claim on the Form 3506 for the purposes of the credit for dependent care expenses?Select one: a. SO; The employer payments are the same as the allowable expenses and no credit is allowed. b. $9,000; The employer payments do not reduce the amount of expenses for thipurposes of calculating thecrecic. None of these answers are correct.© d. $3,000; The leftover amounts after subtracting the employer credits are used for the purposes of calculating

          A daycare facility watches the taxpayer's two (2) children for a cost of $4,500 apiece during TY2022. At the same time, the employer pays for $3,000 apiece as a dependent care benefit to the taxpayer as a working benefit. What amount of expenses is the taxpayer allowed to claim on the Form 3506 for the purposes of the credit for dependent care expenses?Select one: a. SO; The employer payments are the same as the allowable expenses and no credit is allowed. b. $9,000; The employer payments do not reduce the amount of expenses for thipurposes of calculating thecrecic. None of these answers are correct.© d. $3,000; The leftover amounts after subtracting the employer credits are used for the purposes of calculating

Added by Stephanie R.

Question

Please give Ace some feedback