Question: PLEASE SHOW ME THE MATH BEHIND FINDING THE ANSWER 2. Rex and Dena are married and have two children, Michelle (age 7) and Nancy (age

PLEASE SHOW ME THE MATH BEHIND FINDING THE ANSWER

2. Rex and Dena are married and have two children, Michelle (age 7) and Nancy (age 5). During 2016,

Rex earned a salary of $24,500, received interest income of $300, and filed a joint income tax return

with Dena. Dena had $0 gross income. Their earned income credit for the year is:

a. $0.

b. $5,222.

c. $5,412.

d. $5,572.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!