Exhibit 8-11

Required Information [The following information applies to the questions displayed below.] In 2021. 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 8-11. (Round your Intermediate and final answers to the nearest whole dollar amount. Round your final answer to the nearest whole dollar amount. Leave no answer blank. Enter zero If applicable.) EXHIBIT 3-11 2021 Earned Income Credit Table No Credit When AGI (or earned income if greater) Equals or Exceeds This Amount (4) + [(3)/(5)] (1) Maximum Earned Income Eligible for Credit Qualifying Children 0 1 $ 9,820 10.640 14,950 14,950 (4) (3) Credit Phase-Out for Maximum AGI (or earned income (5) (2) Credit if greater) Over This Phase-Out Credit % (1) X (2) Amount Percentage Married taxpayers filing joint returns 15.3% $1,502 $14,820 15.3% 34 3,618 25,470 15.98 40 5,980 25,470 21.06 45 6.728 25,470 21.06 All taxpayers except married taxpayers filing joint returns 15.3% $ 1,502 S 11.610 15.3% 34 3,618 19,520 15.98 40 5,980 19,520 21.06 45 6.728 19,520 21.06 $24.637 48.108 53,865 57.414 2 3+ 0 $ 9.820 10,640 1 $21.427 42,158 47,915 51.464 2 14,950 14,950 3+ Source: Internal Revenue Code. "Rev. Proc. 2020-45." www.irs.gov. b. Zach is 29 years old and his AGI is $9,500. Earned income credit $ $ 1,457 X c. Zach is 29 years old and his AG is $17.500. Answer is complete but not entirely correct. Earned income credit $ S