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Exercise 13-21 (Algorithmic) (LO. 4) Paola and Isidora are married; file a joint tax return; report modified AGI of $132,830; and have one dependent
Exercise 13-21 (Algorithmic) (LO. 4) Paola and Isidora are married; file a joint tax return; report modified AGI of $132,830; and have one dependent child, Dante. The couple paid $12,210 of tuition and $3,000 for room and board for Dante (a freshman). Dante is a full-time student and claimed as a dependent by Paola and Isidora. Determine the amount of the American Opportunity credit for 2022.
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Financial Accounting Theory and Analysis Text and Cases
Authors: Richard G. Schroeder, Myrtle W. Clark, Jack M. Cathey
10th edition
470646284, 978-0470646281
