For 2018, Wilson and Virginia Todd qualify for the earned income credit.They file married filing jointly and 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 $7,300 and Virginia has no earned income.Their adjusted gross income for 2018 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 2018 is $16,500.
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