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Question

Jason, a single parent, lives in an apartment with his three minor children,

whom he supports. Jason earned $27,400 during 2019 and uses the standard deduction.

Calculate the amount, if any, of Jason's earned income credit.

Screen Shot 2019-10-01 at 10.38.53 PM.png

Screen Shot 2019-10-01 at 10.38.53 PM.png

EXHIBIT 13.2
Earned Income Credit and Phaseout Percentages
Tax
Number of
Earned Income
Year
Qualifying Children
Credit
Maximum
Phaseout
Base Amount
Phaseout
Percentage
Phaseout Ends
Credit
Base
Percentage
at Income of
2019
Married, Filing Jointly
No children
$ 6,920
7.65
$ 529
$14,450
7.65
$ 21,370
One child
10,370
34.00
3,526
24,820
15.98
46,884
Two children
14,570
40.00
5,828
24,820
21.06
52,493
Three or more children
14,570
45.00
6,557
24,820
21.06
55,952
Other Taxpayers
No children
$ 6,920
7.65
$ 529
$ 8,650
7.65
$ 15,570
One child
10,370
34.00
3,526
19,030
15.98
41,094
Two children
14,570
40.00
5,828
19,030
21.06
46,703
Three or more children
14,570
45.00
6,557
19,030
21.06
50,162
2018
Married, Filing Jointly
No children
$ 6,780
7.65
$ 519
$14,170
7.65
$ 20,950
One child
10,180
34.00
3,461
24,350
15.98
46,010
Two children
14,290
40.00
5,716
24,350
21.06
51,492
Three or more children
14,290
45.00
6,431
24,350
21.06
54,884
Other Taxpayers
No children
$ 6,780
7.65
$ 519
$ 8,490
7.65
$ 15,270
One child
10,180
34.00
3,461
18,660
15.98
40,320
Two children
14,290
40.00
5,716
18,660
21.06
45,802
Three or more children
14,290
45.00
6,431
18,660
21.06
49,194

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