2 Check my work 5 18 Part 2 of 2 points eBook Print Required information Problem 8-74 (LO 8-4) (Algo) [The following information applies to the questions displayed below.] In 2021, Amanda and Jaxon Stuart have a daughter who is 1 year old. The Stuarts are full-time students and they are both 25 years old. Their only sources of income are gains from stock they held for three years before selling and wages from part-time jobs. What is their earned income credit in the following alternative scenarios if they file jointly? Use Exhibit 8-11. (Leave no answer blank. Enter zero if applicable.) References Problem 8-74 Part-d (Algo) d. Their AGI is $28,150, consisting of $5,050 of wages and $23,100 of lottery winnings (unearned income). (Round your intermediate calculations to the nearest whole dollar amount.) Earned income credit EXHIBIT 8-11 2021 Earned Income Credit Table (4) (1) Maximum Earned Qualifying Income Eligible Children for Credit (2) Credit % (3) Maximum Credit (1) (2) Credit Phase-Out for AGI (or earned income (5) if greater) Over This Amount Phase-Out Percentage No Credit When AGI (or earned income if greater) Equals or Exceeds This Amount (4) + [(3)/(5)] Married taxpayers filing joint returns 0 $9,820 15.3% $1,502 $14,820 15.3% $24,637 1 10,640 34 3,618 25,470 15.98 48,108 2 14,950 40 5,980 25,470 21.06 53,865 3+ 14,950 45 6,728 25,470 21.06 57,414 All taxpayers except married taxpayers filing joint returns 0 $9,820 15.3% $ 1,502 $ 11,610 15.3% $21,427 1 10,640 34 3,618 19,520 15.98 42,158 2 14,950 40 5,980 19,520 21.06 47,915 3+ 14,950 45 6,728 19,520 21.06 51,464 ource: Internal Revenue Code. "Rev. Proc. 2020-45." www.irs.gov