Question

In 2019, what is the earned income credit allowed Don Andersen, a head of household taxpayer, assuming he has adjusted gross income of $9,500 and earned income of $5,000? He maintains his household with his daughter.

1) $2004
2) $2049
3) $2094
4) $0

5) None of the above answers are within $20 (plus or minus) of the correct answer.

In 2019, what is the earned income credit allowed Don Andersen, a head of household taxpayer, assuming he has adjusted gross income of $20,500 (consisting of interest income of $3,700 and earned income of $16,800)? He maintains his household with his daughter.

1) 3,447
2) 3,474
3) 3,287
4) $0

5) None of the above answers are within $20 (plus or minus) of the correct answer.

Answer 1

1) 5) None of the above answers are within $20 (plus or minus) of the correct answer.

• You must have at least $1 of earned income (pensions and unemployment don’t count).
• Your 2019 investment income must be $3,600 or less (that rises to $3,650 in 2020).
• You can’t claim the earned income tax credit if you’re married filing separately.

• How much can I get?

  Below are the maximum earned income tax credit amounts available for the 2019 tax year, plus the max you can earn before losing the benefit altogether.

  2019 Earned Income Tax Credit

  (for taxes due in April 2020)

  Number of children	Maximum earned income tax credit	Max earnings, single or head of household filers	Max earnings, joint filers
  0	$529	$15,570	$21,370
  1	$3,526	$41,094	$46,884
  2	$5,828	$46,703	$52,493
  3 or more	$6,557	$50,162	$55,952

2) 4) $0

as stated above to qualify for earned income credit investment income should be 3600 or less

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