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 $ in childcare expenses.

Should the government be downsized? which functions should be cut back? which ones should be expanded?

Why do police officers get paid less than professional baseball players?

Melissa is a very generous single woman. before this year, she had given over $11,400,000 in taxable gifts over the years and has completely exhausted her applicable credit amount. in the current year, melissa gave her daughter riley $100,000 and promptly filed her gift tax return. melissa did not make any other gifts this year. how much gift tax must riley pay the irs because of this transaction?