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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

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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. Note: For all requirements, do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. \begin{tabular}{|l|r|r|r|c|} \hline & \multicolumn{4}{|c|}{ Number of Eligible Children } \\ \hline & \multicolumn{1}{|c|}{ None } & \multicolumn{1}{|c|}{ One } & \multicolumn{1}{c|}{ Two } & Three or More \\ \hline EIC percentage & 7.65% & 34,0% & 40,0% & 45,0% \\ \hline For earned income up to & $7,320 & $10,980 & $15,410 & $15,410 \\ \hline Maximum EIC & $560 & $3,733 & $6,164 & $6,935 \\ \hline Phaseout percentage & 7.65% & 15.98% & 21.06% & 21.06% \\ \hline For joint filers: & & & & \\ \hline Phaseout starts at earned income of & $15,290 & $26,260 & $26,260 & $26,260 \\ \hline Phaseout ends at earned income of & $22,610 & $49,622 & $55,529 & $59,187 \\ \hline For all other filers: & $9,160 & & & \\ \hline Phaseout starts at earned income of & $16,480 & $43,492 & $49,399 & $53,057 \\ \hline Phaseout ends at earned income of & & $20,130 & $20,130 \\ \hline \end{tabular}

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