he earned income credit is $ 5,770 X.
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- Samuel and Annamaria are married, file a joint return, and have three qualifying children. In 2022, they earn wages of $40,600 and no other income. Round your intermediate computations and final answer to the nearest dollar. Click here to access the Earned Income Credit and Phaseout Percentages Table . The earned income credit isSamuel and Annamaria are married, file a joint return, and have three qualifying children. In 2023, they earn wages of $34,000 and have no other income. Round your intermediate computations to the nearest dollar. Click here to access the Earned Income Credit and Phaseout Percentages Table. Determine the amount of their earned income credit for 2023.Samuel and Annamaria are married, file a joint return, and have three qualifying children. In 2021, they earn wages of $35,200 and no other income. Round your intermediate computations and final answer to the nearest dollar. Click here to access the Earned Income Credit and Phaseout Percentages Table. The earned income credit is $4678??? (This was wrong) I need help with the calculation.
- Mahmet earned wages of $148,800 during 2022. Mahmet qualifies to file as head of household and claims two dependents under the age of 17. How much will Mahmet's employer withhold in social security taxes for the year? Note: Round your answer to 2 decimal places. Multiple Choice $9,114.00. $8,537.40. $8,853.60 $9,039.60.Tax Drill - Earned Income Credit Samuel and Annamaria are married, file a joint return, and have three qualifying children. In 2023, they earn wages of $34, 000 and no other income. Round your intermediate computations to two decimal places and your final answer to the nearest dollar. Click here to access the Earned Income Credit and Phaseout Percentages Table. The earned income credit is $fill in the blank 1. Tax Drill - Earned Income Credit Samuel and Annamaria are married, file a joint return, and have three qualifying children. In 2023, they earn wages of $34,000 and no other income. Round your intermediate computations to two decimal places and your final answer to the nearest dollar. Click here to access the Earned Income Credit and Phaseout Percentages Table. The earned income credit is $fill in the blank 1.In 2023, Amanda and Jaxon Stuart have a daughter who is 1 year old. The Stuarts are full - time students and 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? Use Exhibit 8 - 10. Note: Leave no answer blank. Enter zero if applicable. a. Their AGI is $15,000, consisting of $12,000 of capital gains and $3,000 of wages.
- Carri and Dane, ages 34 and 32, respectively, have been married for 11 years, and both are active participants in employer qualified retirement plans. Their total AGI in 2021 is $201,000, and they earn salaries of $89,000 and $95,000, respectively. Click here to access Exhibit 9.1. Compute the following amounts. If an amount is zero, enter "0". Do not round intermediate computations. a. b. C. The amount each can contribute to a regular IRA. The amount each can deduct for regular IRA contributions. The amount each can contribute to a Roth IRA. d. The amount each can deduct for Roth IRA contributions. AmountRalph and Kathy Gump are married with one 20-year-old dependent child. Ralph expects to earn $98,000 (paid monthly) and estimates their itemized deductions to be $29,500 for the year. Kathy expects to earn wages of $54,000. The Gumps expect to have for AGI deductions of $3,600. Use Form W-4 and worksheet to determine what Ralph should report on lines 3, 4(a), 4(b), and 4(c) of Form W-4. The amount from the table on page 4 of the instructions regarding two jobs is $8,420. If you choose the option in Step 2(b) on Form W-4, complete this worksheet (which calculates the total extra tax for all jobs) on only ONE Form W-4. Withholding will be most accurate if you complete the worksheet and enter the result on the Form W-4 for the highest paying job.Note: If more than one job has annual wages of more than $120,000 or there are more than three jobs, see Pub. 505 for additional tables; or, you can use the online withholding estimator at www.irs.gov/W4App. 1 Two jobs. If you have two jobs…Ralph and Kathy Gump are married with one 20-year-old dependent child. Ralph expects to earn $98,000 (paid monthly) and estimates their itemized deductions to be $29,500 for the year. Kathy expects to earn wages of $54,000. The Gumps expect to have for AGI deductions of $3,600. Use Form W-4 and worksheet on 9-50 to 9-53 to determine what Ralph should report on lines of Form W-4. 3. 4(a). 4(b). 4(c).
- Andrea is an employee of Fern Corporation and single. She also has her own business working as a life coach. For 2022, Andrea's wages from Fern were $210,000. Her self-employment income was $30,000. If required, round any computations to two decimal places. Round final answers to the nearest dollar. Question Content Area a. Compute the total payroll, self-employment, and additional Medicare taxes for Andrea for 2022.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? Use Exhibit 8-10. (Leave no answer blank. Enter zero if applicable.) b. Their AGI is $15,000, consisting of $10,000 of lottery winnings (unearned income) and $5,000 of wages.Determine the amount of the child- and dependent-care credit to which each of the following taxpayers is entitled. If an amount is zero, enter "0". Round intermediate computations and final answer to the nearest dollar. Note: Round your percentage computations up to the next whole number before using in credit dollar amount computations. a. Caryle and Philip are married and have a 4-year-old daughter. Their adjusted gross income is $47,600, and they pay $2,300 in qualified child-care expenses during the year. Caryle earns $17,100, and Philip earns $30,500 in salary. $fill in the blank 1 b. Natalie is a single parent with an 8-year-old son. Her adjusted gross income is $25,000, and she pays $3,190 in qualified child-care expenses. $fill in the blank 2 c. Leanne and Ross are married and have three children, ages 6, 4, and 1. Their adjusted gross income is $77,000, and they pay $6,340 in qualified child-care expenses during the year. Leanne earns $47,600, and Ross earns…