In 2021, Amanda and Jaxon Stuart have a daughter who is 1 year old. The Stuarts are full-time students and they are both 25 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 8-11. (Leave no answer blank. Enter zero if applicable.)

rev: 10_20_2021_QC_CS-282549

a. Their AGI is $16,400, consisting of $12,700 of capital gains and $3,700 of wages.

EXHIBIT 8-11 2021 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	$ 9,820	15.3%	$1,502	$14,820	15.3%	$24,637
1	10,640	34	3,618	25,470	15.98	48,108
2	14,950	40	5,980	25,470	21.06	53,865
3+	14,950	45	6,728	25,470	21.06	57,414
All taxpayers except married taxpayers filing joint returns
0	$ 9,820	15.3%	$ 1,502	$ 11,610	15.3%	$21,427
1	10,640	34	3,618	19,520	15.98	42,158
2	14,950	40	5,980	19,520	21.06	47,915
3+	14,950	45	6,728	19,520	21.06	51,464

This year Luke has calculated his gross tax liability at $1,920. Luke is entitled to a $2,580 nonrefundable personal tax credit, a $1,590 business tax credit, and a $660 refundable personal tax credit. In addition, Luke has had $2,450 of income taxes withheld from his salary. What is Lukes net tax due or refund? (Input the amount as a positive value.)

Tax Refund: