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Joyce, a single parent, lives in an apartment with her two minor children ( ages 8 and 1 0 ) , whom she supports. Joyce
Joyce, a single parent, lives in an apartment with her two minor children ages and whom she supports. Joyce earns
$ during She uses the standard deduction and files as a head of household.
Round all computations to the nearest dollar.
Click to access Earned Income Credit and Phaseout Percentages Table and the Tax Rates Schedules.
a Calculate the amount, if any, of Joyce's earned income credit.
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The earned income credit, which has been a part of the law for many years, consistently has been justified as a means of
equity to the working poor. In addition, the credit has been designed to help offset regressive taxes that are a part of our
as the gasoline tax. Further, the credit is intended to encourage economically disadvantaged individuals to become contrit
the workforce.
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