Marc and Mandy's dependent children, ages 3 and 4, attend daycare where the total expense for the year was $6,200, $3,100 per child. Marc earned $20,000 and Mandy earned $15,000. How much child and dependent care credit can they claim?
AGI | Credit
$15,000 | 35%
$20,000 | 32%
$35,000 | 25%
A) $1,296
B) $1,040
C) $1,404
D) $1,500