contestada

allie's only source of income for the year is wages from a part-time job of $9,000. she is not married and has one dependent child. allie has no tax liability and she had no income tax withheld by her employer. what is the amount of allie's earned income credit?

Respuesta :

The amount of Allie's earned income credit is $3,060  even though she has no tax liability and no withholdings.

She will receive a refund of $3,060 ($9,000 x .34) even though she has no tax liability and no withholdings.

The Earned Income Tax Credit (EITC) is a refundable tax credit for low-income families, but you must meet certain requirements.

A single mother with one child is eligible if she meets the following criteria:

must have at least one dollar in earned income (wages and salaries only)

must make less than $41,094 per year in investment income investment income must be less than $3,600 single filer

You and your child must have lived in the United States for at least six months.

Learn more on earned income credit-

https://brainly.com/question/14389671

#SPJ4

Otras preguntas