PROBLEMS (p. - GC CODEC: Center of Design & e-Commerce
Credit for child and dependent care expenses $400Federal income tax withheld, $6,686. Amount for personal exemptions, $11,100Tax rate on taxable income, 15 percent. Taxable income would be $28,040 ($51,380 - $11,100 - $12,240) times the tax rate of 15 percent equals $4,206 less a tax credit of $400 gives a tax liability of $3,806. ................
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