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Erma is unmarried and has two dependent children, ages 4 and 6, living at home with...

Erma is unmarried and has two dependent children, ages 4 and 6, living at home with her. Emma has a salary of $21,000 plus interest income of $1,500. Calculate Emma's allowable earned income credit for 2018.

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Answer #1

Erma allowable earned income credit for 2018 will be $4,922

For Allowable earned income credit you to fulfill the below criteria as follows:-

You have to be a US citizen

You lived in US more than 6 months

Your age between 25 to 65

Your investment income is not greater than $3,500

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