-3 50. In each of the following cases, certain qualifying education expenses were paid during the tax year for individuals who were the taxpayer, spouse, or dependent. The taxpayer has a tax liability and no other credits. Determine the amount of the American opportunity tax credit (AOTC) and/or the lifetime learning credit that should be taken in each instance: a. A single individual with modified AGI of $32,900 and expenses of $3,400 for a child who is a full-time college freshman. b. A single individual with modified AGI of $44.500 and expenses of $3,800 for a child who is a full-time college junior. c. A couple, married filing jointly, with modified AGI of $79,300 and expenses of $8,000 for a child who is a full-time graduate student. LO 9-3 d. $1,373. 28. DJ and Gwen paid $3,200 in qualifying expenses for their son, Nikko, who is a freshman attending the University of Colorado. DJ and Gwen have AGI of $170,000 and file a joint return. What is their allowable American opportunity tax credit (AOTC) after the credit phaseout based on AGI is taken into account? a. $0. b. $1,150. c. $2,300. d. $3,200