Question
HELP ASAP!! In 2022, Elaine paid $2,240 of tuition and $940 for books for her dependent son to attend State University this past fall as
HELP ASAP!!
In 2022, Elaine paid $2,240 of tuition and $940 for books for her dependent son to attend State University this past fall as a freshman. Elaine files a joint return with her husband.
What is the maximum American opportunity tax credit that Elaine can claim for the tuition payment and books in each of the following alternative situations?
Note: Leave no answer blank. Enter zero if applicable.
Required:
a. Elaine's AGI is $100,250.
b. Elaine's AGI is $163,500. Note: Round your intermediate calculations to the nearest whole dollar amount.
c. Elaine's AGI is $185,500.
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Only The Strongest Women Become Auditors
Authors: Auditor Publishing
1st Edition
1660768675, 978-1660768677
