In the current year, Fred has a real estate rental activity,…

In the current year, Fred has a real estate rental activity, in which he is an active participant, that generated a $75,500 loss. Fred has another real estate rental activity, in which he is an active participant, that generated $42,300 of income. In addition, Fred has other passive activity income of $16,800. If Fred has AGI of $88,000, determine the amount (if any) of suspended losses he will carry over.

Barnie and Betty have three children and spent $8,200 on chi…

Barnie and Betty have three children and spent $8,200 on child care expenses for their children. The children and amount spent on each was: $4,200 for their 6 year old, $3,000 for their 8 year old, and $1,000 for their 13 year old. Barnie earned a salary of $32,000 and Betty earned $10,000. What is the amount of their child and dependent care credit? [BLANK-1]