Question

Mary's 2018 Form 1040, line 1 is $25,000; line 2b is $400 Schedule 1, line 12 is $500 and her AGI is $25,900. What is the amount of her earned income for purposes of figuring her child and dependent care credit?

Answer 1

$25000 is earn income that is reported for child and dependent care credit tax purpose

Step-by-step explanation:

given data

line 1 = $25,000

line 2b = $400

line 12 = $500

AGI = $25,900

solution

here AGI is

AGI = $25000 + $400 +$500

AGI = $25900

and earn income is equal to reported income line 1 in form 1040 is here $25000

and line 2b in form 1040 reported as interest

and line 12 is reported other income

so $25000 is earn income that is reported for child and dependent care credit tax purpose