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Determine the amount of the Earned Income Credit in each of the following cases. Assume...

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Accounting

Determine the amount of the Earned Income Credit in each of the following cases. Assume that the person or persons are eligible to take the credit. Use Table 9-3 Required: Calculate the credit using the formulas. Note: For all requirements, do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. a. A single person with earned income of $5,220 and no qualifying children. b. A single person with earned income of $22,800 and two qualifying children c. A married couple filing jointly with earned income of $34,520 and one qualifying child. Earned Income Credit $ 799
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Determine the amount of the Earned income Credit in each of the following cases. Assume that the person or persons are eligible to take the credit. Use Required: Calculate the credit using the formulas. Note: For all requirements, do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. TABLE 93 Earned Income Credit Tax Year 2021 - The dollar amounts in the table are subject to annual adjustments for inflation

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