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Fill out All 20,21,22 empty boxes 20 Required information [The following information applies to the questions displayed below.] Part 1 of 3 0.37 points In
Fill out All 20,21,22 empty boxes
20 Required information [The following information applies to the questions displayed below.] Part 1 of 3 0.37 points In 2020, Laureen is currently single. She paid $2,560 of qualified tuition and related expenses for each of her twin daughters Sheri and Meri to attend State University as freshmen ($2,560 each for a total of $5,120). Sheri and Meri qualify as Laureen's dependents. Laureen also paid $1,830 for her son Ryan's (also Laureen's dependent) tuition and related expenses to attend his junior year at State University. Finally, Laureen paid $1,330 for herself to attend seminars at a community college to help her improve her job skills. (Leave no answer blank. Enter zero if applicable.) eBook a. What is the maximum amount of education credits Laureen can claim for these expenditures? Laureen's AGI is $45,000. If Laureen claims education credits for her three children and herself, how much credit is she allowed to claim in total? If she claims education credits for her children, how much of her children's tuition costs that do not generate credits may she deduct as for AGI expenses? Print References American opportunity tax credit Lifetime learning credit For AGI deduction 21 ! Required information (The following information applies to the questions displayed below.] Part 2 of 3 0.37 points In 2020, Laureen is currently single. She paid $2,560 of qualified tuition and related expenses for each of her twin daughters Sheri and Meri to attend State University as freshmen ($2,560 each for a total of $5,120). Sheri and Meri qualify as Laureen's dependents. Laureen also paid $1,830 for her son Ryan's (also Laureen's dependent) tuition and related expenses to attend his junior year at State University. Finally, Laureen paid $1,330 for herself to attend seminars at a community college to help her improve her job skills. (Leave no answer blank. Enter zero if applicable.) eBook b. Laureen's AGI is $95,000. What is the maximum amount of education deductions Laureen can claim to the extent the costs don't enera a credit? Print For AGI deduction References 22 ! Required information [The following information applies to the questions displayed below.] Part 3 of 3 0.37 points In 2020, Laureen is currently single. She paid $2,560 of qualified tuition and related expenses for each of her twin daughters Sheri and Meri to attend State University as freshmen ($2,560 each for a total of $5,120). Sheri and Meri qualify as Laureen's dependents. Laureen also paid $1,830 for her son Ryan's (also Laureen's dependent) tuition and related expenses to attend his junior year at State University. Finally, Laureen paid $1,330 for herself to attend seminars at a community college to help her improve her job skills. (Leave no answer blank. Enter zero if applicable.) eBook c. Laureen's AGI is $45,000 and Laureen paid $12,260 (not $1,830) for Ryan to attend graduate school (i.e., his fifth year, not his junior year). Print . References American opportunity tax credit Lifetime learning credit 20 Required information [The following information applies to the questions displayed below.] Part 1 of 3 0.37 points In 2020, Laureen is currently single. She paid $2,560 of qualified tuition and related expenses for each of her twin daughters Sheri and Meri to attend State University as freshmen ($2,560 each for a total of $5,120). Sheri and Meri qualify as Laureen's dependents. Laureen also paid $1,830 for her son Ryan's (also Laureen's dependent) tuition and related expenses to attend his junior year at State University. Finally, Laureen paid $1,330 for herself to attend seminars at a community college to help her improve her job skills. (Leave no answer blank. Enter zero if applicable.) eBook a. What is the maximum amount of education credits Laureen can claim for these expenditures? Laureen's AGI is $45,000. If Laureen claims education credits for her three children and herself, how much credit is she allowed to claim in total? If she claims education credits for her children, how much of her children's tuition costs that do not generate credits may she deduct as for AGI expenses? Print References American opportunity tax credit Lifetime learning credit For AGI deduction 21 ! Required information (The following information applies to the questions displayed below.] Part 2 of 3 0.37 points In 2020, Laureen is currently single. She paid $2,560 of qualified tuition and related expenses for each of her twin daughters Sheri and Meri to attend State University as freshmen ($2,560 each for a total of $5,120). Sheri and Meri qualify as Laureen's dependents. Laureen also paid $1,830 for her son Ryan's (also Laureen's dependent) tuition and related expenses to attend his junior year at State University. Finally, Laureen paid $1,330 for herself to attend seminars at a community college to help her improve her job skills. (Leave no answer blank. Enter zero if applicable.) eBook b. Laureen's AGI is $95,000. What is the maximum amount of education deductions Laureen can claim to the extent the costs don't enera a credit? Print For AGI deduction References 22 ! Required information [The following information applies to the questions displayed below.] Part 3 of 3 0.37 points In 2020, Laureen is currently single. She paid $2,560 of qualified tuition and related expenses for each of her twin daughters Sheri and Meri to attend State University as freshmen ($2,560 each for a total of $5,120). Sheri and Meri qualify as Laureen's dependents. Laureen also paid $1,830 for her son Ryan's (also Laureen's dependent) tuition and related expenses to attend his junior year at State University. Finally, Laureen paid $1,330 for herself to attend seminars at a community college to help her improve her job skills. (Leave no answer blank. Enter zero if applicable.) eBook c. Laureen's AGI is $45,000 and Laureen paid $12,260 (not $1,830) for Ryan to attend graduate school (i.e., his fifth year, not his junior year). Print . References American opportunity tax credit Lifetime learning creditStep by Step Solution
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