Carolyn has an AGI of $38,000 (all from earned income), two qualifying children, and is filing as a head of household. What amount of earned income credit is she entitled to?

Name: Carolyn has an AGI of $38,000 (all from earned income), two qualifying children, and is filing as a head of household. What amount of earned income credit is she entitled to?
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Question

Quizplus · Accepted Answer

$5,572 maximum credit minus $4,172 phase-out [($38,000 - $18,190) × .2106] = $1,400

Carolyn Has an AGI of $38,000 (All from Earned Income)