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Please answer the following parts to this question, A, B, C, D, E. Thanks. Required information Problem 8-74 (LO 8-4) The following information applies to
Please answer the following parts to this question, A, B, C, D, E.
Required information Problem 8-74 (LO 8-4) The following information applies to the questions displayed below.) In 2019, 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 8-10. (Leave no answer blank. Enter zero if applicable.) Problem 8-74 Parta a. Their AGIS 518 200, consisting of $6,600 of capital gains and 511600 of wages Etnad b. Their AGI is $18,200, consisting of $11,600 of lottery winnings (unearned income) and $6,600 of wages. Earned income credit c. Their AGI is $27.400. consisting of $21,600 of wages and $5.800 of lottery winnings (unearned income). (Round your intermediate calculations to the nearest whole dollar amount.) Earned Income credit d. Their AG is $27,400, consisting of $5,800 of wages and $21.600 of lottery winnings (unearned income). (Round your intermediate calculations to the nearest whole dollar amount.) Earned Income credit e. Their AGI is $11,600, consisting of $11,600 of lottery winnings (unearned income). Earned income credit Thanks.
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