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Required information The following information applies to the questions displayed below) In 2020, Zach is single with no dependents. He is not claimed as a

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Required information 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.) b. Zach is 29 years old and his AGI is $9,600. Answer is complete but not entirely correct. Earned income credit $ 1.242 Apps EXHIBIT 8-10 2020 Earned Income Credit Table (2) (1) Maximum (3) No Credit When AGI (or earned Earned Income Maximum Credit Phase-Out for AGI (5) income if greater) Equals or Qualifying Eligible for Credit (or earned income if Phase-Out Exceeds This Amount (4) + Children Credit Credit (1) x (2) greater) Over This Amount Percentage [(31(5)] Married taxpayers filing joint returns 0 $7.030 7.65% $ 538 $14.680 7,65% $21.710 1 10,540 34 3,584 25,220 15.98 47.646 2 14,800 40 5920 25.220 21.06 53330 3+ 14.800 45 6,660 25.220 21.06 56,844 All taxpayers except married taxpayers filing joint returns 0 $ 7.030 7.6596 $ 538 $8,790 7.65% $15.820 1 10,540 34 3,584 19,330 15.98 41,756 2 14,800 40 5.920 19,330 21.06 47.440 14,800 45 6,660 19,330 21.06 50954 Source: Internal Revenue Code. "Rev. Proc. 2018-57. www.irs.gov

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