Jason is unmarried with no qualifying children. He has $8,500 of 2019 wages and is otherwise eligible for the earned income credit. Jason has $300 of interest income and no for AGI deductions. (Click the icon to view the 2019 Earned Income Credit Table.) Read the requirements. Requirement a. What is Jason's tentative earned income credit before phaseout? Jason's tentative earned income credit before phaseout amounts to Requirement b. What is Jason's allowable earned income credit? (Round any interim currency calculations and your final answer to the nearest whole dollar.) Jason's allowable earned income credit amounts to Requirement c. If Jason has no income tax liability (before the earned income credit is subtracted), is he entitled to a refund for the current year? entitled to a refund for the current year. Requirement d. Would your answer to Part b change if Jason had dividend and interest income of $4,700 during the taxable year? A. Yes. Jason's allowable earned income credits amounts to $181. B. Yes. Jason's allowable earned income credits amounts to $131. C. Yes. Jason would not be entitled to the earned income credit because his investment income exceeds $3,600. D. Yes. Jason would not be entitled to the earned income credit because his investment income exceeds $3,650. 2019 Earned Income Credit Table Number of Qualifying Children Credit Rate Credit Base (Maximum Earned Income) Maxium Credit Amount Phase-out Rate* O children 7.65% $6,920 $529 7.65% 1 child 34% $10,370 $3,526 15.98% 2 children 40% $14,570 $5,828 21.06% 3 or more children 45% $14,570 $6,557 21.06% * Applied to the excess of Earned Income (or AGl if larger) over the threshold amount. Phase-out Threshold for Married Filing Joint (Not Married Filing Joint) $14,450 ($8,650) $24,820 ($19,030) $24,820 ($19,030) $24,820 ($19,030) Requirement c. If Jason has no income tax liability (before the earned income credit is subtracted), is he entitled to a refund for the current year? entitled to a refund for the current year. d your answer to Part b change if Jason had dividend and interest income of $4,700 during the taxable year? Yes, he is No, he is not lowable earned income credits amounts to $181. Tes. Jasols allowable earned income credits amounts to $131. D