Shawn and Dahlia are married; both work and have one qualifying child. They had AGI of $19,000. What is their Earned Income Credit?

Question

Quizplus · Accepted Answer

Based on the IRS EIC table for 2021, the maximum earned income credit for a married couple with one qualifying child and an AGI of $19,000 is $3,359. The EIC gradually phases out for married couples with an AGI above $19,000, so option D is not the correct choice. Option A is not correct as even though their AGI is low, they still qualify for the EIC with one qualifying child. Option B is not correct as the maximum EIC for their income and family size is higher than $503.

Shawn and Dahlia Are Married; Both Work and Have One