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Author Question: Timothy and Alice, who are married with modified AGI of $90,000, are sending their daughter to her ... (Read 28 times)

craiczarry

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on: Sep 13, 2020

Question 1

The maximum amount of the American Opportunity Tax Credit for each qualified student is
◦ $1,500.
◦ $2,000.
◦ $2,500.
◦ $3,000.

Question 2

Timothy and Alice, who are married with modified AGI of $90,000, are sending their daughter to her first year of college. Their total tuition and related payments during the year amounted to $13,000. In addition, their daughter received a $10,000 scholarship to cover tuition. They have not taken advantage of any other type of tax benefit related to educational expenses. Their American Opportunity Tax Credit is
◦ $2,000.
◦ $2,250.
◦ $2,500.
◦ $3,000.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by craiczarry on Sep 13, 2020

AaaA

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Reply #1 on: Sep 13, 2020
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craiczarry

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Reply 2 on: Sep 13, 2020
:D TYSM

bigsis44

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Reply 3 on: Yesterday
Wow, this really help

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