Required information

[The following information applies to the questions displayed below.] In 2019, Amanda and Jaxon Stuart have a daughter who is 1 year old. The Stuarts are full-time students and they are both 23 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 8-10. (Leave no answer blank. Enter zero if applicable.)

a. Their AGI is $15,000, consisting of $5,000 of capital gains and $10,000 of wages

Earned income credit: ________

b. Their AGI is $15,000, consisting of $10,000 of lottery winnings (unearned income) and $5,000 of wages.

Earned income credit: ________

EXHIBIT 8-10 2019 Earned Income Credit Table (1) Maximum Earned Income Eligible for Credit Qualifying Children O 1 2 $ 6,920 10,370 14.570 14,570 No Credit When AGI (or earned Maximum Credit Phase-Out for AGI (5) income if greater) Equals or Credit (or earned income if Phase-Out Exceeds This Amount (4) + Credit % (1) X (2) greater) Over This Amount Percentage [( 35)] Married taxpayers filing joint returns 7.65% $ 529 $14,450 7.65% $21,370 34 3,526 24.820 15.98 46,884 40 5.828 24,820 21.06 52,493 45 6,557 24,820 21.06 55,952 All taxpayers except married taxpayers filing joint returns 7.65% S 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 $6,920 10,370 14,570 14,570