FP101_r5_Wk8_Ramsay_Tax_Return

You may need to override line 18 or line 19 if you or

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Unformatted text preview: or 19 . . . . . . . . . . . . . . . . . . . . .20 0 21. Excluded benefits. Enter the smaller of the following . . . . . . . . . . . . . . . . . . 21 * The amount from line 20 or * $5,000 ($2,500 if married filing separately and you were required to enter your spouse's earned income on ln 19.) 0 22. Taxable benefits. Subtract line 21 from 15 (Not<0 ) . . . . . . . . . . . . . . . . . . . . 22 We set line 21 to zero if you do not qualify for the exclusion. Line 21 represents the amount of benefits you received that will be exempt from federal income taxation. We carry the amount on line 22 to the Worksheet for Wages Not On a W-2, and from there to the Mini-Worksheet for Line 7 on Form 1040A. We enter "DCB" (for "dependent care benefits") next to line 7 on Form 1040A. 0 To claim the child and dependent care credit, complete lines 23-27 below. 3,000 23. Enter $3,000 ($6,000 if two or more qualifying persons) . . . . . . . . . . . . . . . . . 23 0 24. Enter the amount from lin...
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This note was uploaded on 02/03/2014 for the course FP/101 FP/101 taught by Professor Nicoleramig during the Winter '10 term at University of Phoenix.

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