In 2020, Zach is single with no dependents. He is not claimed as a dependent on anothers
Question:
In 2020, Zach is single with no dependents. He is not claimed as a dependent on another’s return. All of his income is from salary and he does not have any for AGI deductions. What is his earned income credit in the following alternative scenarios?
a. Zach is 29 years old and his AGI is $5,000.
b. Zach is 29 years old and his AGI is $10,000.
c. Zach is 29 years old and his AGI is $19,000.
d. Zach is 24 years old and his AGI is $5,000.
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a Zach may claim an earned income credit of 383 computed as follows Description Amount Explanation 1 Earned Income 5000 2 Maximum earned income eligib...View the full answer
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Related Book For 
Taxation Of Individuals And Business Entities 2021
ISBN: 9781260247138
12th Edition
Authors: Brian Spilker, Benjamin Ayers, John Barrick, Troy Lewis, John Robinson, Connie Weaver, Ronald Worsham
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