Problem 7-6 Earned Income Credit (LO 7.2) Diane is a single taxpayer who qualifies for the earned income credit. Di...

Question

Question

business accounting

Answer 1

Answer #1

Ans: Diane wages= $18,300

Dividend income= $700

Total= $19,000

status= single qualifying children= 2 i.e. 3 and 5 years

According to table of EITC 2018 Diane EIC=$5639

FOR link of EITC TABLE visit (https://taxmap.irs.gov/taxmap/instr/i1040gi-018.htm#TXMP2db1d5c4)

Answer 2

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