Required information [The following information applies to the questions displayed below.) In 2019, 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. (Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.) a. Zach is 29 years old and his AGI is $5,700. Earned income credit Required information The following information applies to the questions displayed below.) In 2019, 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. (Do not round Intermediate calculations. Round your final answer to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.) b. Zach is 29 years old and his AGI is $9,800. Eamed income credit Required information The following information applies to the questions displayed below.) In 2019, 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. (Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.) c. Zach is 29 years old and his AGI is $18,100. Earned Income credit Required information The following information applies to the questions displayed below! In 2019. 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. (Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.) d. Zach is 24 years old and his AGI is $5,700. Eamed income credit EXHIBIT 8-10 2019 Earned Income Credit Table (3) (1) Maximum Earned Income Eligible for Credit Qualifying Children 0 $ 6920 10,370 14,570 14,570 (4) - 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 3,526 24,820 15.98 46,884 40 5,828 24,820 21.06 52,493 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 45 $ 6,920 10,370 14.570 14,570 2 T Source: Rev. Proc. 2018-57
