Question

Trinity and Saurav have two young children. Trinity earns $24,000. Saurav is a full-time student 10 months of the year and has no income. What is their maximum amount of qualifying child and dependent care expenses? a. $12,000 b. $8,000 c. $2,500 d. $5,000

Answer 1

The maximum amount of qualifying child and dependent care expenses for Trinity and Saurav is $6,000.

Step-by-step explanation:

The maximum amount of qualifying child and dependent care expenses for Trinity and Saurav can be determined by looking at Trinity's income. Since Saurav is a full-time student with no income, only Trinity's income is considered. According to the question, Trinity earns $24,000. The maximum amount of qualifying child and dependent care expenses is generally limited to $3,000 for one child and $6,000 for two or more children. Since Trinity and Saurav have two young children, their maximum amount of qualifying child and dependent care expenses would be $6,000. Therefore, the correct answer is (a) $12,000.