Harry and Wilma Are Married and File a Joint Income

Multiple Choice

Harry and Wilma are married and file a joint income tax return.On their tax return,they report $44,000 of adjusted gross income ($20,000 salary earned by Harry and $24,000 salary earned by Wilma) and claim two exemptions for their dependent children.During the year,they pay the following amounts to care for their 16-year old son and 6-year old daughter while they work. Harry and Wilma may claim a credit for child and dependent care expenses of:

A) $840.
B) $1,040.
C) $1,200.
D) $1,240.
E) None of the above.