Question
Ariana and John, who file a joint return, have two dependent children, Kai and Angel. Kai is a freshman at State University and Angel is
Ariana and John, who file a joint return, have two dependent children, Kai and Angel. Kai is a freshman at State University and Angel is working on her graduate degree. The couple paid qualified expenses of $4,060 for Kai (who is a half-time student) and $8,120 for Angel.
Required:
What education tax credits are available if Ariana and John report modified AGI of $174,020?
What education tax credits are available if Ariana and John report modified AGI of $174,020 and Angel is taking one class a semester (is less than a half-time student) and not taking classes in a degree program?
What education tax credits are available if Ariana and John report modified AGI of $174,020 and Angel is taking one class a semester (is less than a half-time student) and not taking classes in a degree program? (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) What education tax credits are available if Ariana and John report modified AGI of $174,020 ? (Do not round intermediat calculations. Round your final answers to the nearest whole dollar amount.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started