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 $3,900 for Kai (who is a half-time student) and $7,800 for Angel.
Required:
What education tax credits are available if Ariana and John report modified AGI of $173,700?
What education tax credits are available if Ariana and John report modified AGI of $173,700 and Angel is taking one class a semester (is less than a half-time student) and not taking classes in a degree program?
Ariana and John, who file a joint return, have two dependent children, Kai and Angel. Kai is a freshman at State University, and Angel working on her graduate degree. The couple paid qualified expenses of $3,900 for Kai (who is a half-time student) and $7,800 for Angel. Required: a. What education tax credits are available if Ariana and John report modified AGI of $173,700 ? b. What education tax credits are available if Ariana and John report modified AGI of $173,700 and Angel is taking one class a semester (is less than a half-time student) and not taking classes in a degree program? Answer is complete but not entirely correct. 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 $173,700 ? Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Ariana and John, who file a joint return, have two dependent children, Kai and Angel. Kai is a freshman at State University, and Angel working on her graduate degree. The couple paid qualified expenses of $3,900 for Kai (who is a half-time student) and $7,800 for Angel. Required: a. What education tax credits are available if Ariana and John report modified AGI of $173,700 ? b. What education tax credits are available if Ariana and John report modified AGI of $173,700 and Angel is taking one class a semester (is less than a half-time student) and not taking classes in a degree program? Answer is complete but not entirely correct. 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 $173,700 and Angel is taking one class a semester (is less than a half-time student) and not taking classes in a degree program? Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount
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