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 2023, Amanda and Jaxon Stuart have a daughter who
year old. The Stuarts are full-time 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 F
time jobs.
What is their earned income credit in the following
alternative scenarios if they file jointly? Use Exhibit 8-10.
b. Their AGI is $17,000, consisting of $10,000 of lottery winnings (unearned
income) and $7,000 of wages.
c. Their AGI is $31,000, consisting of $23,500 of wages and $7,500 of lottery
winnings (unearned income).
EXHIBIT 8-102023 Earned Income Credit Table
Source: Internal Revenue Code. "Rev.Proc.2022-38."
www.irs.gov.
d. Their AGI is $31,000, consisting of $5,500 of wages and $25,500 of
lottery winnings (unearned income).
e. Their AGI is $10,000, consisting of $10,000 of lottery winnings (unearned
income).
 In 2023, Amanda and Jaxon Stuart have a daughter who year

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