Problem 13-33 (LO. 4) Jason, a single parent, lives in an apartment with his three minor children, whom he supports. Jason earned $27,400 during 2021 and uses the standard deduction. Click here to access Earned Income Credit and Phaseout Percentages Table. Round all computations to the nearest dollar. Calculate the amount, if any, of Jason's earned income credit. Exhibit 13.2 Earned Income Credit and Phaseout Percentages Tax Year Earned Income Base Amount Credit Percentage Maximum Credit Phaseout Base Phaseout Percentage Phaseout Ends at Income of 2021 15.30 Number of Qualifying Children Married, Filing Jointly No children One child Two children Three or more children Other Taxpayers No children One child Two children Three or more children $9,820 10,640 14,950 14,950 34.00 40.00 45.00 $1,502 3,618 5,980 6,728 $16,610 25,470 25,470 25,470 15.30 15.98 21.06 21.06 $26,430 48,108 53,865 57,414 $11,610 $ 9,820 10,640 14,950 14,950 15.30 34.00 40.00 45.00 $1,502 3,618 5,980 6,728 19,520 19.520 19,520 15.30 15.98 21.06 21.06 $21,430 42,158 47,915 51,464 2020 Married, Filing Jointly No children One child Two children Three or more children $ 7,030 10,540 14,800 14,800 7.65 34.00 40.00 45.00 $ 538 3,584 5.920 6,660 $14,680 25,220 25,220 25,220 7.65 15.98 21.06 21.06 $21,710 47,646 53,330 56,848 Other Taxpayers No children One child Two children Three or more children $ 7,030 10,540 14,800 14,800 7.65 34.00 40.00 45.00 $ 538 3,584 5,920 6,660 $ 8,790 19,330 19,330 19,330 7.65 15.98 21.06 21.06 $15,820 41,756 47,440 50,954