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Required information [The following information applies to the questions displayed below.) In 2021, Amanda and Jaxon Stuart have a daughter who is 1 year old.
Required information [The following information applies to the questions displayed below.) In 2021, Amanda and Jaxon Stuart have a daughter who is 1 year old. The Stuarts are full-time students and they are both 25 years old. Their only sources of income are gains from stock they held for three years before selling and wages from part-time jobs. What is their earned income credit in the following alternative scenarios if they file jointly? Use Exhibit 8-11. (Leave no answer blank. Enter zero if applicable.) a. Their AGI is $15,600, consisting of $12,300 of capital gains and $3,300 of wages. Earned income credit b. Their AGI is $15,600, consisting of $10,100 of lottery winnings (unearned income) and $5,500 of wages. Earned income credit c. Their AGI is $28,150, consisting of $23,100 of wages and $5,050 of lottery winnings (unearned income). (Round your intermediate calculations to the nearest whole dollar amount.) Earned income credit d. Their AGI is $28,150, consisting of $5,050 of wages and $23,100 of lottery winnings (unearned income). (Round your intermediate calculations to the nearest whole dollar amount.) Earned income credit e. Their AGI is $10,100, consisting of $10,100 of lottery winnings (unearned income). Earned income credit Required information [The following information applies to the questions displayed below.) In 2021, Amanda and Jaxon Stuart have a daughter who is 1 year old. The Stuarts are full-time students and they are both 25 years old. Their only sources of income are gains from stock they held for three years before selling and wages from part-time jobs. What is their earned income credit in the following alternative scenarios if they file jointly? Use Exhibit 8-11. (Leave no answer blank. Enter zero if applicable.) a. Their AGI is $15,600, consisting of $12,300 of capital gains and $3,300 of wages. Earned income credit b. Their AGI is $15,600, consisting of $10,100 of lottery winnings (unearned income) and $5,500 of wages. Earned income credit c. Their AGI is $28,150, consisting of $23,100 of wages and $5,050 of lottery winnings (unearned income). (Round your intermediate calculations to the nearest whole dollar amount.) Earned income credit d. Their AGI is $28,150, consisting of $5,050 of wages and $23,100 of lottery winnings (unearned income). (Round your intermediate calculations to the nearest whole dollar amount.) Earned income credit e. Their AGI is $10,100, consisting of $10,100 of lottery winnings (unearned income). Earned income credit
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