Exhibit 13.2 Earned Income Credit and Phaseout Percentages Tax Year Earned Income Base Amount Credit Percentage Maximum Credit Phaseout Base Phaseout Percentage Phaseout Ends + at Income of 2020 $ 7,030 10,540 14,800 14,800 7.65 34.00 40,00 45.00 $ 538 3.584 5.920 6,660 $14.680 25.220 25.220 25.220 7.65 15.98 21.06 21.06 $21.710 47,646 53.330 56.848 Number of Qualifying Children Married, Filing Jointly No children One child Two children Three or more children Other Taxpayers No children One child Two children Three or more children Married Filing Jointly No children One child Two children Three or more children Other Taxpayers No children One child Two children Three or more children $ 7,030 10,540 14,800 14,800 7.65 34.00 40,00 45.00 $ 538 3,584 5.920 6,660 5 8.790 19.330 19,330 19,330 7.65 15.98 21.06 21.06 $15,820 41,756 47440 50.954 2019 $ 6,920 10,370 14,570 14,570 7.65 34,00 40.00 45.00 $ 529 3.526 5,828 6,557 $14450 24,820 24,820 24,820 7.65 15.98 21.06 21.06 $21.370 46,884 52493 55,952 $ 6,920 10,370 14,570 14.570 7.65 34.00 40.00 45.00 $ 529 3,526 5.828 6,557 $ 8,650 19,030 19,030 19.030 7.65 15.98 21.06 21.06 $15,570 41,094 46,703 50.162 Exercise 13-15 (Algorithmic) (LO. 4) Samuel and Annamaria are married, file a joint return, and have three qualifying children. In 2020, they earn wages of $31,900 and no other income. Round your intermediate computations and final answer to the nearest dollar. Click here to access the Earned Income Credit and Phaseout Percentages Table. The earned income credit is $