Blue Technology began operations in 2019 and reported pretax financial income of $500,000 for the year. Blue's tax depreciation exceeds its book depreciation by $45,000. Blue Technology also accrued a litigation liability of $15,000 in 2019. They believe the case will be settled in 2020. If these are the only differences between tax and financial reporting, what is Taxable Income for the period ending 12/31/2019

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?