Diane is a single taxpayer who qualifies for the earned income credit. Diane has two qualifying children

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Diane is a single taxpayer who qualifies for the earned income credit. Diane has two qualifying children who are 3 and 5 years old. During 2013, Diane's wages are $17,100 and she receives dividend income of $700. Calculate Diane's earned income credit using the EIC table in Appendix B. $_____________
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...
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Income Tax Fundamentals 2014

ISBN: 9781285424545

32nd Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill

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