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Author Question: Trisha is married and has young children. The couple is in the 39.6% tax bracket. In order for ... (Read 87 times)

LCritchfi

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on: Sep 13, 2020
Trisha is married and has young children. The couple is in the 39.6% tax bracket. In order for Trisha and her husband to work, they pay $5,000 for daycare which earns them a $1,000 dependent care credit. Trisha has been offered a new job. The new job will pay a $5,000 lower salary, but the new employer will offer $5,000 of paid childcare. Trisha cannot claim the dependent care credit if she receives employer-paid childcare. Which of the following statements is correct? (Ignore payroll taxes.)
◦ Trisha will have $980 additional after-tax income if she accepts the new job.
◦ Trisha will lose $4,000 net value if she accepts the new job.
◦ Trisha will have $1,980 additional after-tax income if she accepts the new job.
◦ Trisha will lose $3,020 of net value if she accepts the new job.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by LCritchfi on Sep 13, 2020

smrerig

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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LCritchfi

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Reply 2 on: Sep 13, 2020
Excellent

bigsis44

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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