Apiece of laborsaving equipment has just come onto the market that mitsui electronics, ltd., could use to reduce costs in one of its plants in japan. relevant data relating to the equipment follow: purchase cost of the equipment $ 270,000 annual cost savings that will be provided by the equipment $ 60,000 life of the equipment 12 years

Kevin and jenny, who are both working full-time, have three children all under the age of ten. the two youngest children, who are three and five years old, attended eastside pre-school for a total cost of $3,000. ervin, who is nine, attended big kid daycare after school at a cost of $2,000. jenny has earned income of $15,000 and kevin earns $14,000. what amount of childcare expenses should be used to determine the child and dependent care credit?