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Question 21. Donavan and Judy are married filing jointly taxpayers who have two (2) dependent children for purposes of the earned income credit. The couple

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Question 21. Donavan and Judy are married filing jointly taxpayers who have two (2) dependent children for purposes of the earned income credit. The couple meets all other requirements to claim the earned income credit. Their earned income and AGI for 2021 is $45,470. Use the earned income credit table to compute their 2021 earned income credit. Tax Year Eamed Income Credit Base Amount Percentage Maximum Phaseout Credit Base Phaseout Phaseout Ends Percentage at Income of 2021 Number of Qualifying Children Married Filing Jointly No children One child Two children Three or more children Other Taxpayers No children One child Two children Three or more children $ 9,820 10,640 14950 14950 15.30 34.00 40.00 $1,502 3,618 5,980 6,728 516,610 25.470 25.470 25,470 15.30 15.98 21.06 21.06 $26,430 48108 53.865 57414 45.00 5 9,820 10,640 14,950 14.950 .30 34.00 40.00 45.00 $1.502 3,618 5.980 6.728 $11,610 19,520 19,520 19.520 15.30 15.98 21.06 21.06 $21.430 42158 47,915 51,464 A. $5,980 B. $1,768 C. $14.950 D. $515

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