I am registered user who prefers not to disclose my personal finances. Hope ya'll can understand!

Is this right?

Lets say for July 2010:

5 days a week 10/hrs/day actual care plus prep/cleanup
200 hrs care/ 672 hrs in month= 30%

Income= $640 for the month
ALL RECEIPTS TOTALLED TOGETHER (I have removed the ones the are not shared expenses between my family/personal use, and daycare, such as video games, car expenses, etc)

receipts total- 567.50 X 30% = 170.25 deductible?

then home expenses such as electricity etc.

All home expenses totalled= $555

900sq ft/900sq ft X 200hrsAC/672hrs= 30%

$555 X 30%= 165.17 deductible?

Does this sound right? Am I doing something wrong?

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