redit for 2022 (rounded to the nearest dollar)? $3.733 $598 $3,135 None of the above

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Question

Subject: accounting 

 

 

 

For 2022, Cassie and Calvin file their tax return as married filing jointly and have one child that is 5 years old. On their 2022 income tax return, they report earned income of $30,000, which is also their adjusted gross income. They have no investment income for the year. What is the amount of their earned income tax
credit for 2022 (rounded to the nearest dollar)?
O $3.733
O $598
O $3,135
O None of the above
Transcribed Image Text:For 2022, Cassie and Calvin file their tax return as married filing jointly and have one child that is 5 years old. On their 2022 income tax return, they report earned income of $30,000, which is also their adjusted gross income. They have no investment income for the year. What is the amount of their earned income tax credit for 2022 (rounded to the nearest dollar)? O $3.733 O $598 O $3,135 O None of the above
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