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How to solve Ashley is a junior at State College. To offset the cost of attending college full - time, Ashley has a part -
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Ashley is a junior at State College. To offset the cost of attending college fulltime, Ashley has a parttime job. During the tax year,
Ashley earned $ Her parents also provided some support for her and claimed her on their tax return. During the tax year, Ashley
paid $ of her tuition bill and her parents paid $ Ashley also paid for her own books, which cost $ Her parents helped
her by paying part of her rent and grocery bills. After reading about refundable tax credits, Ashley realized that she or her parents
were eligible to claim the American Opportunity Credit.
If Ashley were to be able to claim the American Opportunity Credit, how much would the refundable and nonrefundable portions
of the credit total? Can Ashley claim the American Opportunity Credit? If answer is zero, please enter O do not leave any fields blank.
Refundable portion of credit total is $
Nonrefundable portion of credit total is $
Ashley
claim the American Opportunity Credit.
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