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For 2014, Wilson and Virginia Todd Qualify for the Earned

question 83

Essay

For 2014, Wilson and Virginia Todd qualify for the earned income credit. They have two dependent children, ages 6 months and 4 years at the end of the year.
a.​​Using the EIC tables, calculate the amount of Wilson and Virginia Todd's earned income credit assuming Wilson has earned income of $7,200 and Virginia has no earned income. Their adjusted gross income for 2014 is $9,000.
b.​​Calculate the amount of Wilson and Virginia Todd's earned income credit assuming Wilson has earned income of $14,300 and Virginia has earned income of $2,000. Their adjusted gross income for 2014 is $16,500.


Definitions:

Anterior Fontanel

The largest soft spot on a baby’s skull which allows for growth of the brain and skull; it usually closes by the age of 18 to 24 months.

Diamond

A naturally occurring crystal form of carbon, known for its extreme hardness, brilliance, and thermal conductivity.

Vernix Caseosa

A waxy or cheese-like white substance found coating the skin of newborn human infants, providing protection.

Amniotic Fluid

The protective liquid contained within the amniotic sac surrounding the fetus during pregnancy, providing cushion and supporting fetal development.

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