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#22 Carolyn has an AGI of $39,500 (all from earned income) and two qualifying children and is filing as a head of household. What amount
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Carolyn has an AGI of $39,500 (all from earned income) and two qualifying children and is filing as a head of household. What amount of earned income credit is she entitled to? (Exhibit 8-11) Multiple Choice $3,657 $2,085 $4,008 $6,164 \$0 EXHIBIT 8-11 2022 Earned Income Credit Table Sheryl's AGI is $251,800. Her current tax liability is $52,248. Last year, her tax liability was $48,902 She will not owe underpayment penalties if her total estimated tax payments are at least which of the following (rounded) amounts? (Assume she makes the required payments each quarter.) Multiple Choice $51,726 $47,023 $53,792 $48,902Step by Step Solution
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