Question
Use 2019 Tax. Kimberly has recently married Dean. Both taxpayers are 23 years old. They have one dependent child, Amber age 3. Calculate Kimberly and
Use 2019 Tax. Kimberly has recently married Dean. Both taxpayers are 23 years old. They have one dependent child, Amber age 3. Calculate Kimberly and Deans tax liability and tax credits based on the following information:
Kimberlys W-2 $5,000
Deans W-2 $7,000
Kimberlys unemployment compensation $8,000
Deans unemployment compensation $9,000
2. What is the maximum earned income credit a family (MFJ) with one child can receive?
3. What are the basic rules from claiming the earned income credit? (e.g. Who qualifies? What affect does filing status have on the credit? How much is refundable?, etc.)
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