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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
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|l|} \hline & Earned Income \\ a. A single person with earned income of $5,220 and no qualifying children. \\ \hline b. A single person with earned income of $22,800 and two qualifying children. \\ \hline c. A married couple filing jointly with earned income of $34,520 and one qualifying child. \\ \hline \end{tabular} TABLE 9-3* Earned Income Credit Tax Year 2021 * The dollar amounts in the table are subject to annual adjustments for inflation
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