Gillian and Paul are married and have a son who is a sophomore at the local university.
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Gillian and Paul are married and have a son who is a sophomore at the local university. In the current year, they paid $5,000 for tuition and $3,000 for room and board for their son. Their adjusted gross income is $95,000, and they are in the 25 percent marginal tax bracket.
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How much can they claim for an education tax credit ...View the full answer
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Related Book For
Taxation For Decision Makers 2019
ISBN: 9781119497288
9th Edition
Authors: Shirley Dennis Escoffier, Karen A. Fortin
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