! Required information Problem 8-75 (LO 8-4) (Algo) [The following information applies to the questions displayed below. In 2020, Zach is single with no dependents. He is not claimed as a dependent on another's return. All of his income is from salary and he does not have any for AGI deductions. What is his earned income credit in the following alternative scenarios? Use Exhibit 8-10 (Round your intermediate calculations to whole dollar amount. Round your final answer to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.) Problem 8-75 Part a (Algo) a. Zach is 29 years old and his AGI is $5,500. Earned income credit b. Zach is 29 years old and his AGI is $9,700. Earned income credit c. Zach is 29 years old and his AGI is $17,900. Earned income credit d. Zach is 24 years old and his AGI is $5,500. Earned income credit EXHIBIT 8-10 2020 Earned Income Credit Table (1) Maximum Earned Income Eligible for Credit No Credit When AGI (or earned income if greater) Equals or Exceeds This Amount (4) + [(3)/(5] Qualifying Children (2) Credit % (3) Maximum Credit Phase-Out for AGI (5) Credit (or earned income if Phase-Out (1) X (2) greater) Over This Amount Percentage Married taxpayers filing joint returns $ 538 $14,680 7.65% 3,584 25,220 15.98 5,920 25,220 21.06 0 7.65% $21,710 $ 7,030 10,540 1 34 47,646 2 14,800 40 53,330 3+ 14,800 45 6,660 25,220 21.06 56,844 All taxpayers except married taxpayers filing joint returns 7.65% $ 538 $ 8,790 7.65% 0 $15,820 $ 7,030 10,540 1 34 3,584 19,330 15.98 41,756 2 40 5,920 19,330 21.06 14,800 14,800 47,440 50,954 3+ 45 6,660 19,330 21.06 Source: Internal Revenue Code. "Rev. Proc. 2018-57." www.irs.gov