Question
25. In 2019, Alex has income from wages of $16,000, adjusted gross income of $18,000, and tax liability of $300 before the earned income credit.
25. In 2019, Alex has income from wages of $16,000, adjusted gross income of $18,000, and tax liability of $300 before the earned income credit. What is the amount of Alex's earned income credit for 2019, assuming he is single and his 5-year-old dependent son lives with him for the full year?
a.$2,000
b.$0
c.$3,461
d.$3,526
e.None of these choices are correct.
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Financial Accounting Reporting Analysis And Decision Making
Authors: Shirley Carlon, Rosina Mcalpine, Chrisann Lee, Lorena Mitrione, Ngaire Kirk, Lily Wong
7th Edition
0730395294, 978-0730395294
