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What is earned income credit in alternative scenarios

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Question: In 2020, Amanda and Jaxon Stuart have a daughter who is 1 year old.

The Stuarts are full-time students and they are both 23 years old. Their only sources of income are gains from stock they held for three years before selling and wages from part-time jobs.

What is their earned income credit in the following alternative scenarios if they file jointly?

Their AGI is $15,000, consisting of $10,000 of lottery winnings (unearned income) and $5,000 of wages.

Reference no: EM132736251

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