Determine the amount of the Earned Income Credit in each of the following cases. Assume that the person or persons are eligible to take the credit. Calculate the credit using the formulas. a. A single person with earned income of $7,554 and no qualifying children. b. A single person with earned income of $27,500 and two qualifying children. c. A married couple filing jointly with earned income of $34.190 and one qualifying child. Number of Eligible Children None One Two Three or More EIC percentage 7.65% 34.0% 40.0% 45.0% For earned income up to $7,030 $10,540 $14,800 $14,800 Maximum EIC $538 $3,584 $5,920 $6,660 Phaseout percentage 7.65% 15.98% 21.06% 21.06% For joint filers: Phaseout starts at earned income of $14,680 $25,220 $25,220 $25,220 Phaseout ends at earned income of $21,710 $47,646 $53,330 $56,844 For all other filers: Phaseout starts at earned income of $8,790 $19,330 $19,330 $19,330 Phaseout ends at earned income of $15,820 $41,756 $47,440 $50,954