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 Use Table 9-3. Required: Calculate the credit using the formulas. (For all requirements, do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) Earned Income Credit 395 a. A single person with earned income of $5,170 and no qualifying children b. A single person with earned income of $24,300 and two qualifying children C Amarried couple filing jointly with earned income of $36,170 and one qualifying child TABLE 9-3 Earned Income Credit Tax Year 2019 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 $6,920 $10.370 $14,570 $14,570 Maximum EIC $529 $3,526 $5,828 $6,557 Phaseout percentage 7.65% 15.98% 21.06% 21.06% For joint filers: Phaseout starts at earned income of $14,450 $24.820 $24.820 $24,820 Phaseout ends at eamed income of $21.370 $46,884 $52,493 $55,952 For all other filers: Phaseout starts at earned Income of $8,650 $19,030 $19,030 $19,030 Phaseout ends at earned income of $15,570 $41,094 $46,703 $50,162 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 Use Table 9-3. Required: Calculate the credit using the formulas. (For all requirements, do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) Earned Income Credit 395 a. A single person with earned income of $5,170 and no qualifying children b. A single person with earned income of $24,300 and two qualifying children C Amarried couple filing jointly with earned income of $36,170 and one qualifying child TABLE 9-3 Earned Income Credit Tax Year 2019 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 $6,920 $10.370 $14,570 $14,570 Maximum EIC $529 $3,526 $5,828 $6,557 Phaseout percentage 7.65% 15.98% 21.06% 21.06% For joint filers: Phaseout starts at earned income of $14,450 $24.820 $24.820 $24,820 Phaseout ends at eamed income of $21.370 $46,884 $52,493 $55,952 For all other filers: Phaseout starts at earned Income of $8,650 $19,030 $19,030 $19,030 Phaseout ends at earned income of $15,570 $41,094 $46,703 $50,162