For 2014, Wilson and Virginia Todd qualify for the earned income credit. They have two dependent children, ages 6 months and 4 years at the end of the year.
a.Using the EIC tables, calculate the amount of Wilson and Virginia Todd's earned income credit assuming Wilson has earned income of $7,200 and Virginia has no earned income. Their adjusted gross income for 2014 is $9,000.
b.Calculate the amount of Wilson and Virginia Todd's earned income credit assuming Wilson has earned income of $14,300 and Virginia has earned income of $2,000. Their adjusted gross income for 2014 is $16,500.

Question

For 2014, Wilson and Virginia Todd qualify for the earned income credit. They have two dependent children, ages 6 months and 4 years at the end of the year.
a.​​Using the EIC tables, calculate the amount of Wilson and Virginia Todd's earned income credit assuming Wilson has earned income of $7,200 and Virginia has no earned income. Their adjusted gross income for 2014 is $9,000.
b.​​Calculate the amount of Wilson and Virginia Todd's earned income credit assuming Wilson has earned income of $14,300 and Virginia has earned income of $2,000. Their adjusted gross income for 2014 is $16,500.

Quizplus · Accepted Answer

The Answer of For 2014, Wilson and Virginia Todd qualify for the earned income credit. They have two dependent children, ages 6 months and 4 years at the end of the year.
a.​​Using the EIC tables, calculate the amount of Wilson and Virginia Todd's earned income credit assuming Wilson has earned income of $7,200 and Virginia has no earned income. Their adjusted gross income for 2014 is $9,000.
b.​​Calculate the amount of Wilson and Virginia Todd's earned income credit assuming Wilson has earned income of $14,300 and Virginia has earned income of $2,000. Their adjusted gross income for 2014 is $16,500.

For 2014, Wilson and Virginia Todd Qualify for the Earned