Question
In 2017, Amanda and Jaxon Stuart have a daughter who is one year old. The Stuarts are full-time students and they are both 23 years
In 2017, Amanda and Jaxon Stuart have a daughter who is one year old. The Stuarts are full-time students and they are both 23 years old. Their only sources of income are gains from stock they held for three years before selling and wages from part-time jobs. What is their earned income credit in the following alternative scenarios if they file jointly? Use Exhibit 8-10 (Round your intermediate computations to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.) c. Their AGI is $26,350, consisting of $20,900 of wages and $5,450 of lottery winnings (unearned income).
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