In 2019, Alex has income from wages of $16,000, adjusted gross income of $18,000, and tax liability of $300 before the earned income credit. What is the amount of Alex's earned income credit for 2019, assuming he is single and his 5-year-old dependent son lives with him for the full year

Benefit is $3526

Explanation:

In order to obtain earned credit, the following requirements should be managed to meet:

1) interest income must be 3600 or even less.

(2) Total income for sole dependents must be 41,094 or fewer.

3) In such a situation, the full amount of taxable income credit shall be $3,526.

Because all earned income and gross income are below the latter cap ($41,094) in that case, the full taxable income benefit is $3526.

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