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. Required: Determine the amount of the American opportunity tax credit ( AOTC) and/or the lifetime learning credit that should be taken in each instance. Allowable Credit Type of Credit a. A single individual with modified AGI of $32,900 and expenses of $3,160 for a child who is a full-time college freshman A single individual with modified AGI of $44,500 and expenses of $3,520 for a child who is a full-time college junior A couple, filing jointly, with modified AGI of $79,300 and expenses of 7,900 for a child who is a full-time graduate student

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. Required: Determine the amount of the American opportunity tax credit (AOTC) and/or the lifetime learning credit that should be taken in each instance