Rex and Dena are married and have two children, Michelle (age seven) and Nancy (age five). During 2020, Rex earned a salary of $26,500, received interest income of $300, and filed a joint income tax return with Dena. Dena had $0 gross income. Their earned income credit for the year is:

Rex and Dena are married and have two children, Michelle (age seven) and Nancy (age five). During 2020, Rex earned a salary of $26,500, received interest income of $300, and filed a joint income tax return with Dena. Dena had $0 gross income. Their earned income credit for the year is:

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter13: Tax Credits And Payment Procedures

Section: Chapter Questions

Problem 15CE

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Question

Hi can someone help me with this question?

Rex and Dena are married and have two children, Michelle (age
seven) and Nancy (age five). During 2020, Rex earned a salary of
$26,500, received interest income of $300, and filed a joint
income tax return with Dena. Dena had $0 gross income. Their
earned income credit for the year is:
Oa.
а. $5,650.
Ob. $5,587.
Oc. $5,920.
Od. $0.

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