Earned income credit (EIC) is heavily audited - 44% of all Form 1040 audits are on low-income taxpayers with EIC. Why? Because 24.6 million tax returns claim ElC resulting in over $50 gillion in total refunds each year! Determine if the taxpayers are eligible for the Earned income Credit (EIC) in each situation. Only one person can take EIC, so if two are eligible, look up the tie-breaker rules. Assume everyone here is a U.S. Citizen, has a valid SSN, and their income is all earned unless stated otherwise. Use a 2022 tax year. Use the tables, not the formulas. Note that the EIC tables are in the instructions for Form 1040.1 also recommend reading the instructions for the EIC in the Form 1040 instruction book and accessing Publication 596 if you have problems with these questions, but be sure it's from the correct year. Determine If the taxpayers are eligible for the EIC in each situation. If they are eligible, list a dollar amount for the credit. If they aren't ehigible, explain why. 1. Adrian and Bailey have two children that live at home and are under the age of 17 . They file a joint return, and their AGl in 2022 is 553,000 . If yes, a doliar amount; if no, explain weiy. 2. Adrian and Bailey live together but are not married, and they have two children under the age of 17 that Ilve with them, Adrian earns $30,000, Bailey earns $25,000, and they have no other. adjustrnents to AGI. If yes, a doliar amount; if no, exploin why. 3. Adrian and Bailey have two children that live at home and are under the age of 17. They are married but file separate returns because of state taxlaves. Their AGI is $25,000