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# 13 On the Practice Exammr and mrs cruz have two dependents children ages 2 and 4. Mr Cruz has wages of $24,500 during the year, while mrs cruz was a fulltime student from january through august. the cruzes paid playtime nursery $600 per month for the entire year. The cruzes's maximum allowable credit for childcare is?Module 3 Quiz # 13Hank is a single taxpayer who earned $31,896 in wages and $11,724 of Social Security benefits. How much of Hank’s Social Security benefits are taxable?
Less: base amount(25,000)aFirst excess12,758bLess: second base(9,000)Second excess3,758cSmaller of two a,b9,000d50% of c4,500eSmaller of d and 50%SS4,500f× 85% of second excess3,194gAdd e,f7,694h85% of SS9,965min(g,h)Taxable benefits7,694Answer is:7,694Module 3 Quiz # 15