In 2023, 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 8-10. Note: Leave no answer blank. Enter zero if applicable. Problem 8-74 Part a (Algo) a. Their AGI is $17,800, consisting of $13,400 of capital gains and $4,400 of wages. Earned income credit

In 2023. 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 parttime jobs. What is their earned income credit in the following alternative scenarios if they file jointly? Use Exhibit 8-10. Note: Leave no answer blank. Enter zero if applicable. Problem 8-74 Part b (Algo) b. Their AGI is $17,800, consisting of $10,000 of lottery winnings (unearned income) and $7,800 of wages. In 2023, 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 parttime jobs. What is their earned income credit in the following alternative scenarios if they file jointly? Use Exhibit 8-10. Note: Leave no answer blank. Enter zero if applicable. Problem 8-74 Part a (Algo) a. Their AG1 is $17,800, consisting of $13,400 of capital gains and $4,400 of wages. In 2023, 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 parttime jobs. What is their earned income credit in the following alternative scenarios if they file jointly? Use Exhibit 8-10. Note: Leave no answer blank. Enter zero if applicable. Problem 8-74 Part c (Algo) c. Their AGI is $31,400, consisting of $23,700 of wages and $7,700 of lottery winnings (unearned income). Note: Round your intermediate calculations to the nearest whole dollar amount. In 2023, 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 parttime jobs. What is their earned income credit in the following alternative scenarios if they file jointly? Use Exhibit 8-10. Note: Leave no answer blank. Enter zero if applicable. Problem 8-74 Part e (Algo) e. Their AGl is $10,000, consisting of $10,000 of lottery winnings (unearned income). In 2023, 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 parttime jobs. What is their earned income credit in the following alternative scenarios if they file jointly? Use Exhibit 8-10. Note: Leave no answer blank. Enter zero if applicable. Problem 8-74 Part d (Algo) d. Their AGI is $31,400, consisting of $5,700 of wages and $25,700 of lottery winnings (unearned income). Note: Round your intermediate calculations to the nearest whole dollar amount. EXHIBIT 8-10 2023 Earned Income Credit Table AII taxpayers except married Source: Internal Revenue Cade, "Rev. Proc. 2022-38." wwwirs gov