Where there are 2 dependent children and both parents earn in excess of $2,500 gross each month does this mean that only 75% of the monthly costs of childcare for the purposes of work are input into the Worksheet B?
$ 3,200 Gross Income Parent A
$100 Gross childcare costs per month
$ 3,500 Gross Income Parent B
So parent A would input only $75 into the worksheet B for monthly childcare costs?
Not sure where this info comes from in the rules etc?
“When the income of the parent who pays child care costs exceeds the amounts indicated above [$2,500 and support is being paid for 2 children], only 75% of actual child care costs are added (because the parent is entitled to the income tax credit for child care expenses).”