Question
Carlos and Gabriela Solice are married and they file a joint tax return. They have AGI of $100,000 and have two children. Julie is a
Carlos and Gabriela Solice are married and they file a joint tax return. They have AGI of $100,000 and have two children. Julie is a freshman and attends Blue River full time for the fall semester. Her qualifying tuition is $3,000. Dillon is a senior and attended both spring and fall semester at NorthRidge Blue College. Her qualifying tuition and fees came to a total of $9,500. Both are claimed as dependents on their parents tax return. The Solice's education tax credit is:
A. $3,000
B. $12,500
C. $4,750
D. $5,000
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
