In 2017, Amanda and Jaxon Stuart have a daughter who is one year old. The Stuarts are full-time students and they are both 23 years old.
Their only sources of income are gains from stock they held for three years before selling and wages from part-time jobs.
What is their earned income credit in the following alternative scenarios if they file jointly?
UseExhibit 8-10(Round your intermediate computations to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.)
heir AGI is $26,350, consisting of $20,900 of wages and $5,450 of lottery winnings (unearned income).
In 2017, Amanda and Jaxon Stuart have a daughter who is one year old. The Stuarts are full-time students and they are both 23 years old.
Their only sources of income are gains from stock they held for three years before selling and wages from part-time jobs.
What is their earned income credit in the following alternative scenarios if they file jointly?
UseExhibit 8-10(Round your intermediate computations to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.)
heir AGI is $26,350, consisting of $5,450 of wages and $20,900 of lottery winnings (unearned income).