earned income credit.
2007-11-18 00:16:20 · 4 answers · asked by kkika57 1 in Business & Finance ➔ Taxes ➔ United States
You will not qualify for Earned Income Credit. The most that you can earn and still get EIC is $38348 if you have at least 2 chiuldren.
http://www.irs.gov/individuals/article/0,,id=150513,00.html
2007-11-18 00:23:57 · answer #1 · answered by Steve 6 · 2⤊ 0⤋
You are in a 15% tax bracket.
Your income is far too high to receive an Earned Income Credit.
2007-11-18 03:56:44 · answer #2 · answered by Judy 7 · 1⤊ 0⤋
If you file as Married Filing Jointly (with no dependent) your federal tax is $4393. For EIC, the limit is $14120.
If your total income is $52,000, then your taxable income is $34,500. Out of this $18850 is taxed at 15% and remaining at 10%.
2007-11-18 19:24:18 · answer #3 · answered by MukatA 6 · 0⤊ 0⤋
You will probably only be in the 15% bracket but you will not qualify for earned income credit.
2007-11-18 03:25:34 · answer #4 · answered by Wayne Z 7 · 1⤊ 2⤋