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In 2022, Zach is single with no dependents. He is not claimed as a dependent on anothers return. All of his income is from salary,
In 2022, Zach is single with no dependents. He is not claimed as a dependent on anothers return. All of his income is from salary, and he does not have any for AGI deductions. What is his earned income credit in 2022 in the following alternative scenarios? Use Exhibit 8-11. Note: Round your intermediate and final answers to the nearest whole dollar amount.
1. Zach is 29 years old and his AGI is $10,600.
Earned income credit = ?
EXHIBIT 8-1l 2022 Earned Income Credit Table Source: Internal Revenue Code. "Rev. Proc. 2020-45." www.irs.govStep by Step Solution
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