In 2022, Amanda and Jaxon Stuart have a daughter who is 1 year old. The Stuarts are full-time students and 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 8-11.

Note: Leave no answer blank. Enter zero if applicable.

Required:

Their AGI is $15,000, consisting of $12,000 of capital gains and $3,000 of wages.

heir AGI is $15,000, consisting of $10,000 of lottery winnings (unearned income) and $5,000 of wages.

Their AGI is $28,000, consisting of $23,000 of wages and $5,000 of lottery winnings (unearned income).

Note: Round your intermediate calculations to the nearest whole dollar amount.

Their AGI is $28,000, consisting of $5,000 of wages and $23,000 of lottery winnings (unearned income).

Note: Round your intermediate calculations to the nearest whole dollar amount.

Their AGI is $10,000, consisting of $10,000 of lottery winnings (unearned income).

EXHIBIT 8-11 2022 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	$ 7,320	7.65%	$560	$15,290	7.65%	$22,610
1	10,980	34	3,733	26,260	15.98	49,622
2	15,410	40	6,164	26,260	21.06	55,529
3+	15,410	45	6,935	26,260	21.06	59,187
All taxpayers except married taxpayers filing joint returns
0	$ 7,320	7.65%	$ 560	$ 9,160	15.30%	$16,480
1	10,980	34	3,733	20,130	15.98	43,492
2	15,410	40	6,164	20,130	21.06	49,399
3+	15,410	45	6,935	20,130	21.06	53,057

Source: Internal Revenue Code. "Rev. Proc. 2020-45." www.irs.gov.