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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 2020, Diane's wages are $18,900 and she receives dividend income of $900.

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 $8,790 $15,820 $14,860 $21,710
1 19,330 41,756 25,220 47,646
2 19,330 47,440 25,220 53,330
3 or more 19,330 50,594 25,220 56,844

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

2- Calculate the total child and other dependent credit for the following taxpayers.

James and Apple have AGI of $430,300, file jointly, and claim three dependent children (ages 7, 10, and 19):

3-

William and Carla file a joint tax return. Carla earned $27,500 during the year, while William attended law school full-time for 9 months and earned no income. They paid $3,500 for the care of their 3-year-old child, Carl.

Round your answer to the nearest whole dollar.

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