Troy and tracy are married and file a joint income tax, Ask an Expert

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Troy and Tracy are married and file a joint income tax return. Their adjusted gross income is $30,000 per year. On last years return, the Tanks claimed a $960 credit for child care expenses. The Tanks are in the 15% marginal income tax bracket. What amount of detection for AGI would be required to equal the tax benefit of a $960 child care credit?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91977393

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