Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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 $3,820 for Kai (who is a half-time student) and $7,880 for Angel. Required: a. What education tax credits are available if Ariana and John report modified AGI of $173,780 ? b. What education tax credits are available if Ariana and John report modified AGI of $173,780 and Angel is taking one class a semester (is less than a half-time student) and not taking classes in a degree program? Complete this question by entering your answer in the tabs below. What education tax credits are available if Ariana and John report modified AGI of $173,780 ? Note: Do not round intermediate 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