Question
In 2018, Elaine paid $2,640 of tuition and $920 for books for her dependent son to attend State University this past fall as a freshman.
In 2018, Elaine paid $2,640 of tuition and $920 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 credit that Elaine can claim for the tuition payment and books in each of the following alternative situations?
a. Elaines AGI is $83,000.
b. Elaines AGI is $170,500.
c. Elaine's AGI is 205,500
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Financial Accounting Cases
Authors: Camillo Lento, Jo-Anne Ryan
3rd Canadian Edition
1119594642, 978-1119594642
