Problem
Juan Carlos and Roberta Rodriguez have four dependent children, ages 1,4,7, and 11. Juan Carlos's salary was $16,200, Roberta's wages totaled $21,400. The couple had no other income or above the line deductions this year. The Rodriguez's paid $3,600 for day care and after-school child care. Assume the taxable year is 2022.
Task
1) Compute the Rodriguez's child credit.
2) Compute the Rodriguez's dependent care credit.
3) Recompute the Rodriguez's child and dependent care credits if Roberta's salary was $200,00. Juan Carlos's wages totaled $232,000 and the couple earned $5,700 taxable interest income.