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 $15,000, consisting of $12,000 of capital gains and $3,000 of wages. Earned income credit EXHIBIT 8-11 2021 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 0 $ 9,820 $24,637 1 10,640 48,108 2 (3) (4) Maximum Credit Phase-Out for AGI (5) (2) Credit (or earned income if Phase-Out Credit % (1) (2) greater) Over This Amount Percentage Married taxpayers filing joint returns 15.3% $1,502 $14,820 15.3% 34 3,618 25,470 15.98 40 5,980 25,470 21.06 45 6,728 25,470 21.06 All taxpayers except married taxpayers filing joint returns 15.3% $ 1,502 $ 11,610 15.3% 34 3,618 19,520 15.98 40 5,980 19,520 21.06 45 6,728 19,520 21.06 14,950 14,950 53,865 3+ 57,414 0 $ 9,820 $21,427 1 10,640 42,158 47,915 2 14,950 3+ 14,950 51,464 Source: Internal Revenue Code. "Rev. Proc. 2020-45." www.irs.gov