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who is divorced, files as head of household. She has four dependent minor children, whom she supports. Madison's earned for the current year is $39,000.

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who is divorced, files as head of household. She has four dependent minor children, whom she supports. Madison's earned for the current year is $39,000. In addition, she paid $4,000 alimony to her ex-husband and uses the standard deduction. Click here to access Exhibit 13.3 Earned Income Credit and Phaseout Percentages. Carry out computations to two decimal places, and round your final answer to the nearest dollar. Enter the amount of Madison's earned income credit: EXHIBIT 13.3 Earned Income Credit and Phaseout Percentages Number of Credit Maximum Phaseout Year Qualifying Children Base Amount Percentage Credit 2017 Married, Filing Jointly haseout P Percentage haseout Ends at Income of No children 6,670 10,000 14,040 14,040 7.65 34.00 40.00 45.00 One child Two children Three or more children Other Taxpayers No children One child Two children Three or more children Married, Filing Jointly No children One child 23,930 23,930 15.98 3,400 5,616 45,207 50,597 53,930 21.06 6,670 .65 15.98 21.06 21.06 8,340 $15,010 39,617 14,040 14,040 34.00 40.00 45.00 3,400 5,616 2016 6,610 9,920 13,930 13,930 s 506 13,820 23,740 23,740 23,740 7.65 $20,430 15.98 21.06 21.06 34.00 Two children 5,572 50,198 45.00 Three or more children Other Taxpayers No children One child Two children Three or more children 8,270 18,190 18,190 18,190 7.65 15.98 21.06 21.06 $ 6,610 13,930 13,930 34.00 40.00 45.00 5,572 6,269 Enter the amount of Madison's earned income credit

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