Question

Amina was enrolled as a full-time student for the entire year and had no earned income. she is single and has two qualifying children for the child and dependent care credit. for credit calculation, what amount of earned income per month is she deemed to have?

O $200
O $400
O $500
O $1,000

Answer 1

The question asked about the deemed amount of earned income for a full-time student with two qualifying children when calculating the Child and Dependent Care Credit. Without the current IRS guidelines, the specific amount cannot be provided. Therefore, it is necessary to refer to the most recent IRS publication for the exact deemed income amount.

Step-by-step explanation:

The student's question relates to the Child and Dependent Care Credit and the deemed earned income amount for a stay-at-home student with two qualifying children when calculating the credit. According to the Internal Revenue Service (IRS) guidelines, a full-time student with no earned income is deemed to have a certain amount of earned income for the purposes of calculating the Child and Dependent Care Credit.

However, the IRS guidelines for the deemed earned income amount for a full-time student or a disabled spouse are not explicitly stated in the provided information. Since the information provided does not specify the exact amount for 2023, this question cannot be accurately answered without the current IRS guidelines. Please consult the most recent IRS publication for the Child and Dependent Care Credit for the specific amount.