Emmanuel and Camille are married, file jointly, and have two children, ages three and seven, whom they support. Their AGI is $28,470.
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 Emmanuel and Camille's earned income credit:

Emmanuel And Camille Are Married, File Jointly, And Have Two Children, Ages Three And Seven, Whom They

Answers

Answer 1

Emmanuel and Camille's earned income credit is $11,388.

Based on the information provided, we need to refer to Exhibit 13.2 to determine the Earned Income Credit (EIC) and phaseout percentage.

For married filing jointly taxpayers with two children and an AGI of $28,470, the EIC percentage is 40.0%, with a maximum credit of $5,716.

To calculate the EIC, we first need to determine Emmanuel and Camille's earned income.

If we assume that all of their income is from wages, then their earned income would be equal to their AGI of $28,470.

Next, we can calculate their EIC as follows:

EIC = earned income x EIC percentage

= $28,470 x 40.0%

= $11,388

The total earned income credit for Emmanuel and Camille is thus $11,388.

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Related Questions


What is one or more printed or electronic pages of information issued to generate publicity or shed light on a subject of interest.

Answers

News release is the one or more printed or electronic pages of material released to raise awareness of something or shine light on it. The option (E) is correct.

What does public relations publicity mean?

Any information shared with the public through the media that has the power to alter public perception of a brand, organisation, person, or product is referred to as publicity. There is a mix of good and bad news because the entity being discussed doesn't manage or control the information.

What is an illustration of public relations and publicity?

Campaigns in traditional media, sponsorships, product placement, social media campaigns, consumer education, and corporate social responsibility are a few examples of public relations.

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The complete question is below:-

A _____ is one or more printed or electronic pages of information issued to generate publicity or shed light on a subject of interest.

A. feature article

B. house organ

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Serving public interest.
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Buford sells an apartment building for $720,000. His adjusted basis is $500,000 for regular income tax purposes and $550,000 for AMT purposes.

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Answers

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North American Dental Group recently hired Keith Carrington as its chief compliance and privacy officer. One thing that Carrington may be responsible for is creating a _____, which would outline policies for acceptable and ethical behavior.

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Which of the following is an advantage of engineering controls?

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C : Because they modify the work environment and equipment to reduce or isolate the worker from the source of the exposure to a hazard, engineering controls are more effective than administrative and PPE controls.

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Complete question :

Which of the following is an advantage of engineering controls?

a. Administrative controls.

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