Answer:
$3000
Explanation:
In the United states, eligible child care expenses per dependent are limited to $3000. Since Tim and Sandy have only One 10 year old daughter which fall under the age 13 bracket for dependents gives them a maximum limits of $3000. It is important to note that of a couple has two or more child (dependents) they are eligible to $6000. A relative who is a care giver qualifies if expenses are paid to the relative on conditions that the relative isn't a dependent non child of the couple.
Answer:
The answer is $3000.
Therefore,
Tim and Sandy have a ten-year-old daughter. During the current year, they spent $2,000 on childcare expenses at a daycare center and paid $1,500 in childcare expenses to Sandy's sister. Their child and dependent care credit will be calculated based on a maximum limit of $3000 in childcare expenses.
Refer below for the explanation.
Explanation:
As per the law of US the child care estimate is around 3000 dollars, depending on how many they have.
