Kim makes $35,000 of earned income. She files head of household and has 2 qualifying children for earned income tax purposes in 2018. What is her earned income tax credit?

In the question above, assume Kim was considering a second job that would pay $10,000. Assume she will be in the 12% bracket for federal tax purposes, pay a 5% state tax and 7.65% FICA tax, what is her marginal tax rate and how much of the $10,000 would she get to keep as net pay after taxes? (Remember, she will lose some of her earned income credit due to the phase out. Assume she does not take any addition tax credits that are phased out besides the earned income credit.)

Bill and Jane have 4 kids under age 17 and a dependent child that is 19 years old and a full-time college student. They have AGI of $445,100 and taxable income of $412,000. Calculate their child and dependent credit.