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Determine the amount of the Earned Income Credit in each of the following cases. Assume that the person or persons is/are eligible to take the

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Determine the amount of the Earned Income Credit in each of the following cases. Assume that the person or persons is/are eligible to take the credit. Calculate the credit using the formulas. {For all requirements, do not round Intermediate calculations. Round your final answers to the nearest whole dollar amount.) Use Table 9.3 Earned Income Credit a Asingle person with eamed income of 55.160 and no qualifying children A single person with eamed income of 524 400 and two qualifying children A married couple fiind jointly with earned income of 536.280 and one qualifying child Number of Eligible Children None One Two Three or More 7.65% 34.0% 40.086 45.096 $6,780 $10,180 $14,290 $14.290 $519 $3.461 $5,716 $6,431 7.65% 15.989 21.06% 21.06% Elc percentage For eamed income up to Maximum EIC Phaseout percentage For joint fiers: Phaseout starts at eamed income of Phaseout ends at earned income of For all other flers Phaseout starts at eamed income of $24.350 $24,350 $14,170 $20.950 $24,350 $46,010 $51.492 $54 884 58,490 518,660 $15270 $40,320 $18.660 $45 802 $18.660 $49,194 Phaseout ends at earned income of

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