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Please help! I answered number 3 already but I just want to make sure if i'm correct! Thank you again chegg! Carolyn has an AGI

Please help! I answered number 3 already but I just want to make sure if i'm correct! Thank you again chegg!image text in transcribedimage text in transcribedimage text in transcribed

Carolyn has an AGI of $39,700 (all from earned income) and two qualifying children and is filing as a head of household. What amount of earned income credit is she entitled to? Exhibit 8-10) Skipped Multiple Choice eBook $0 $1,475 $3,884 $4,353 EXHIBIT 8-10 2019 Earned Income Credit Table (3) (1) Maximum Earned Income Eligible for Credit Qualifying Children L 1 2 3+ T L $ 6,920 10,370 14,570 14,570 | No Credit When AGI (or earned Maximum Credit Phase-Out for AGI (5) income if greater) Equals or (2) Credit (or earned income if Phase-Out Exceeds This Amount (4) + Credit % (1) x (2) greater) Over This Amount Percentage [(3)/(5)] Married taxpayers filing joint returns 7.65% $ 529 $14,450 7.65% $21,370 34 3, 526 2 4,820 15.98 46,884 40 5,828 24,820 | 21.06 52,493 45 6,557 24,820 21.06 55,952 All taxpayers except married taxpayers filing joint returns 7.65% $ 529 $8,650 7.65% | $15,570 34 3,526 19,030 15.98 41,094 40 5,828 19,030 21.06 46,703 45 6,557 19,030 21.06 50,162 L | 0 $ 6,920 1 10,370 2T 14,570 3+ 14,570 Source: Rev. Proc. 2018-57. During 2019, Montoya (age 15) received $2,370 from a corporate bond. He also received $770 from a savings account established for him by his parents. Montoya lives with his parents and he is their dependent. What is Montoya's taxable income? eBook Multiple Choice o o $2,370 $3,140 $2,040

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