Dennis and Lynne have a 5-year-old child. Dennis has a salary of $16,200. Lynne is...
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Accounting
Dennis and Lynne have a 5-year-old child. Dennis has a salary of $16,200. Lynne is self-employed with a loss of $400 from her business. Dennis and Lynne receive $100 of taxable interest income during the year. Their earned income for the year is $15,800 and their adjusted gross income is $15,900 ($16,200 - $400 + $100).
Click here to access the EIC table.
Use the worksheet below and calculate their earned income credit.
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