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1) Diane is a single taxpayer who qualifies for the earned income credit. Diane has two qualifying children who are 3 and 5 years old.

1) 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 2016, Diane's wages are $17,700 and she receives dividend income of $700.

Earned Income Credit Phase-Out Ranges
Number of Qualifying Children Other than joint filers Joint filers
Phaseout Begins Phaseout Ends Phaseout Begins Phaseout Ends
None $8,270 $14,880 $13,820 $20,430
1 $18,190 $39,296 $23,740 $44,846
2 $18,190 $44,648 $23,740 $50,198
3 or more $18,190 $47,955 $23,740 $53,505

Calculate Diane's earned income credit using the EIC table in Appendix B. $

2) Calculate the child tax credit for the following taxpayers.

a. Jeremy is a single (head of household) father with $80,100 of AGI and has a dependent 8-year-old son: $

b. Jerry and Ann have $100,000 of AGI, file jointly, and claim two dependent preschool children: $

c. James and Apple have AGI of $117,300, file jointly, and claim two dependent children (ages 7 and 10): $

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