Question: In 2 0 2 3 , Amanda and Jaxon Stuart have a daughter who year old. The Stuarts are full - time students and are
In Amanda and Jaxon Stuart have a daughter who
year old. The Stuarts are fulltime students and are both:
years old. Their only sources of income are gains from st
they held for three years before selling and wages from
time jobs.
What is their earned income credit in the following
alternative scenarios if they file jointly? Use Exhibit
b Their AGI is $ consisting of $ of lottery winnings unearned
income and $ of wages.
c Their AGI is $ consisting of $ of wages and $ of lottery
winnings unearned income
EXHIBIT Earned Income Credit Table
Source: Internal Revenue Code. "Rev.Proc
wwwirs.gov.
d Their AGI is $ consisting of $ of wages and $ of
lottery winnings unearned income
e Their AGI is $ consisting of $ of lottery winnings unearned
income
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