6. Jane graduates from high school in June 2010. In the fall, she enrolls for six units...

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6. Jane graduates from high school in June 2010. In the fall, she enrolls for six units at Big State University. Big State University considers students who take twelve or more units full-time. Jane’s father pays her tuition and fees of $2,500 for the fall semester and in December prepays $2,500 for the spring semester. In 2010, the American Opportunity credit for Jane’s tuition and fees before any AGI limitation is:

a. $5,000

b. $2,500

c. $2,200

d. $1,800

e. Some other amount LO 6.4

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Income Tax Fundamentals 2011

ISBN: 9780538469197

29th Edition

Authors: Gerald E. Whittenburg, Martha Altus-Buller

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