Assignment task:
Madison, who is divorced, files as head of household. She has four dependent minor children, whom she supports. Madison's earned income for the current year is $39,000. In addition, she paid $4,000 alimony to her ex-husband in accordance with a pre-2019 divorce decree.
Click here to access Exhibit 13.2 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