No Credit When AGI (or earned income if greater) Equals or Exceeds This Amount (4) + [(3)/(5) EXHIBIT 8-11 2021 Earned Income Credit Table (1) Maximum (4) Earned Income Maximum Credit Phase-Out for AGI (5) Qualifying Eligible for (2) Credit (or earned income if Phase-Out Children Credit Credit (1) (2) greater) Over This Amount Percentage Married taxpayers filing joint returns 0 $ 9,820 15.3% $1,502 $14,820 15.3% 1 10,640 34 3,618 25.470 15.98 2 14.950 40 5.980 25,470 21.06 3+ 14.950 45 6,728 25,470 21.06 All taxpayers except married taxpayers filing joint returns 0 $ 9,820 15.3% $ 1,502 $ 11,610 15.3% 1 10,640 34 3,618 19,520 15.98 2 14.950 40 5,980 19,520 21.06 3+ 14,950 45 6,728 19.520 21.06 $24,637 48.108 53.865 57,414 $21,427 42,158 47.915 51,464 In 2021, Amanda and Jaxon Stuart have a daughter who is 1 year old. The Stuarts are full-time students and they 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 (Leave no answer blank. Enter zero if applicable.) b. Their AGI is $15,000, consisting of $10,000 of lottery winnings (unearned income) and $5,000 of wages. Eamed income credit