Working Family Credit Table algorithms

The document outlines the Working Family Credit formulas for tax year 2008 based on the number of children and level of earned income. For taxpayers with no children, the credit is 1.9125% of the first $5,730 of earned income, reduced by the same percentage of income over $7,160 up to a maximum credit of $110. For one child the credit is 8.5% of income up to $8,580 plus 8.5% of income from $14,990 to $16,690, reduced by 5.73% of income over $18,710 up to $874. For two or more children the credit is 10% of income up to $12,060 plus 20% from