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11. Education Tax Credit. (Obi. 2) In 2016, Paul and Karen Mitchell pay $12,000 for their daughter's tuition for the Spring and Fall semesters. Their

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11. Education Tax Credit. (Obi. 2) In 2016, Paul and Karen Mitchell pay $12,000 for their daughter's tuition for the Spring and Fall semesters. Their daughter is a full-time graduate student. The Mitchells also paid 33.800 for their son's tuition for the Spring and Fall semesters n the Fall of 2016, their son, Ron began his sophomore year of college. The son atten college full-time. 3,340- Compute the Mitchells' 2016 education tax credit if their AGI is $121,600. How much of their credit is refundable versus nonrefundable? a. b. Same as in Part a., except that the Mitchells' AGI is $174,360. 159

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