Question
Which of the following individuals qualifies for the earned income credit for 2023? Thomas is single, is 21 years of age, and has no qualifying
Which of the following individuals qualifies for the earned income credit for 2023?
Thomas is single, is 21 years of age, and has no qualifying children. His income consists of $9,000 in wages.
Shannon, who is 27 years old, maintains a household for a dependent 11-year-old son and is eligible for head-of-household tax rates. Her income consists of $16,050 of salary and $50 of taxable interest (Shannons AGI is $16,100).
Keith and Susan, both age 30, are married and file a joint return. Keith and Susan have no dependents. Their combined income consists of $28,500 of salary and $100 of taxable interest (their AGI is $28,600).
Colin is a 26-year-old self-supporting, single taxpayer. He has no qualifying children and generates earnings of $14,000.
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