Question
Tax Drill - Earned Income Credit Samuel and Annamaria are married, file a joint return, and have three qualifying children. In 2015, they earn wages
Tax Drill - Earned Income Credit
Samuel and Annamaria are married, file a joint return, and have three qualifying children. In 2015, they earn wages of $34,000 and no other income.
Round your intermediate computations to two decimal places and your final answer to the nearest dollar. Click here to access the Earned Income Credit and Phaseout Percentages Table.
The earned income credit is $____________
Tax Drill - Child Tax Credit
Santiago and Amy are married and file a joint tax return claiming their three children, ages 12, 14, and 18, as dependents. Their AGI is $140,000.
Santiago and Amy's child tax credit is $__________
Tax Drill - Self-Employment Tax
In 2015, Miranda records net earnings from self-employment of $146,000. She has no other income.
In your computations round all amounts to two decimal places. Round your final answers to the nearest dollar.
Miranda's self-employment tax is $___________ and she has a $__________ deduction FOR AGI.
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