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EXHIBIT 8-10 2019 Earned Income Credit Table Qualifying Children (1) Maximum Earned Income Eligible for Credit (2) Credit % (3) Maximum Credit (1) (2) (4)

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EXHIBIT 8-10 2019 Earned Income Credit Table

Qualifying Children (1) Maximum Earned Income Eligible for Credit (2) Credit % (3) Maximum Credit (1) (2) (4) Credit Phase- Out for AGI (or earned income if greater) Over This Amount (5) Phase-Out Percentage No Credit When AGI (or earned income if greater) Equals or Exceeds This Amount (4) + [(3)/(5)]
Married taxpayers filing joint returns
0 $ 6,920 7.65% $ 529 $14,450 7.65% $21,370
1 10,370 34 3,526 24,820 15.98 46,884
2 14,570 40 5,828 24,820 21.06 52,493
3+ 14,570 45 6,557 24,820 21.06 55,952
All taxpayers except married taxpayers filing joint returns
0 $ 6,920 7.65% $ 529 $ 8,650 7.65% $15,570
1 10,370 34 3,526 19,030 15.98 41,094
2 14,570 40 5,828 19,030 21.06 46,703
3+ 14,570 45 6,557 19,030 21.06 50,162
In 2019, Zach is single with no dependents. He is not claimed as a dependent on another's return. All of his income is from salary and he does not have any for AGI deductions. What is his earned income credit in the following alternative scenarios? Use Exhibit 8-10: (Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.) a. Zach is 29 years old and his AGI is $5,300. Earned income credit b. Zach is 29 years old and his AGI is $9,600. Earned income credit c. Zach is 29 years old and his AGI is $17,700. Earned income credit d. Zach is 24 years old and his AGI is $5,300. Earned income credit

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