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H & W file jointly. Their AGI for 2020 was $170,000. They are eligible to claim the American Opportunity Credit related to their two dependent

  1. H & W file jointly. Their AGI for 2020 was $170,000. They are eligible to claim the American Opportunity Credit related to their two dependent children, Jake and Kay, who attend State University. Qualified educational costs for Jake totaled $3,000 and $5,000 for Kay. You are to calculate the allowable credit the H & W may claim.

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