Please look up information on the Earned Income Tax Credit. Make sure you're looking at informau'on for me 2019 income year. {a} Take a twoparent family, married and filing jointly, with two children, and an earned income and adjusted gross income of $5,[l. Would they qualify for the EITC? [b] Take a family with a single parent who has three children, and has an earned income and adjusted gross income of $40,000. What value of ElTC does ibis family qualify for? {it} Take a single individual with no children who has an earned income and adjusted gross income of $12,000. What value of EITC does this individual qualify for? [:1] Recall the ElTC phase-in, plateau, and phaseout regions. And remember very care fully the definitions of progressive, at, and regressive tax schedules that we discussed in class. Considering only the EITC and ignoring all other taxes, is the tax schedule progres sive, at, or regressive throughout the ETC phasein region? What about the EITC plateau region? The phaseout region? (This is tricky because the EITC is a subsidy. We call a tax system "progressive\" because it taxes the rich proportionally more than the poor. Think about whether a progressive tax system would give the rich or the poor proportionally a greater subsidy.)