Ming and Nancy Are Married, Both Gainfully Employed, and Have

Essay

Ming and Nancy are married, both gainfully employed, and have two children who are three and six years old.
Ming's salary is $35,000 while Nancy's is $40,000.During the year, they spend $7,000 for child care expenses that are required so they can work outside the home.Calculate the couple's credit for child and dependent care expenses.