In 2011,Alexis has income from wages of $17,000,adjusted gross income of $19,000,and tax liability of $200 before the earned income credit.She has one qualifying child.What is the amount of Alexis' earned income credit for 2011?

Question

Quizplus · Accepted Answer

To calculate the earned income credit for 2011, we need to first find Alexis' earned income. This is simply her income from wages, which is $17,000. Next, we need to know the maximum credit amount for someone with one qualifying child and earned income of $17,000. According to the IRS earned income credit tables for 2011, this would be $2,721. However, since Alexis' tax liability before the credit is only $200, her maximum credit amount is limited to $200. Therefore, the amount of Alexis' earned income credit for 2011 is $200.

In 2011,Alexis Has Income from Wages of $17,000,adjusted Gross Income