Rex and Dena are married and have two children, Michelle (age seven) and Nancy (age five). During 2020, Rex earned a salary of $26,500, received interest income of $300, and filed a joint income tax return with Dena. Dena had $0 gross income. Their earned income credit for the year is: a.$5,587. b.$5,920. c.$5,650. d.$0.

Their earned income credit for the year is:

b. $5,920.

Explanation:

Rex's earned salary =    $26,500

Interest income =                  300

Dena's gross income =             0

Total earned income = $26,800

Two children aged seven and five

Since their earned income is less than $47,440 and they have two qualifying children, their earned income credit for 2020 is determined as $5,920 from the table of 2020 Income Limits and Range of Earned Income Tax Credit (EITC).

answer; i believe the correct answer is (75 years);