Determine the total allowable 2010 earned income credit in each of the following situations: a. Rina is

Question:

Determine the total allowable 2010 earned income credit in each of the following situations:
a. Rina is single and earns $6,300 in salary for the year. In addition, she receives $1,450 in unemployment compensation during the year.
b. Lachlan is single with one dependent child. During the year, he earns $8,000 as a waiter and receives alimony of $10,000 and child support of $5,000.
c. Zorica is a single parent with two dependent children. She earns $19,000 from her job as a mechanic. She also receives $3,000 in child support from her exhusband.
d. Elliot and Pam are married and have three dependent children. Elliot and Pam earn $12,000 and $9,000 from their jobs, respectively. They receive $800 in interest and $1,000 in income.

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...