Question
12. Rex and Dena are married and have two children, Michelle (age 7) and Nancy (age 5). During 2016, Rex earned a salary of $24,500,
12. Rex and Dena are married and have two children, Michelle (age 7) and Nancy (age 5). During 2016,
Rex earned a salary of $24,500, received interest income of $300, and filed a joint income tax return
with Dena. Dena had $0 gross income. Their earned income credit for the year is:
a. $0.
b. $5,222.
c. $5,412.
d. $5,572.
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
13th edition
978-1-119-4110, 1119411483, 9781119411017, 978-1119411482
