Earned Income Credit:
For each of the following situations, compute the taxpayers’2019 earned income credit. A. Patty and Ron Barnett file a jointreturn, claiming their two sons, ages 3 and 5, as dependents. TheBarnett’s AGI is $14,400, which consists entirely of Ron’s wages.B. Joseph is a 25-year-old graduate student. His gross incomeconsists of $5,000 of wages and $80 in interest from a savingsaccount. Joseph files as single and claims no dependents. C.Suzanne and Vernon Zimmerman file a joint return, claiming their6-year-old daughter as a dependent. The Zimmermans’ AGI consists ofVernon’s $26,375 in wages, and $400 in dividend income. D. Sarahfiles as head of household, claiming her 2-year-old son as adependent. Sarah’s AGI consists of $18,000 in wages and $3,620 ininterest income.
