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In 2020, Elaine paid $2,960 of tuition and $1,040 for books for her dependent son to attend State University this past fall as a freshman.
In 2020, Elaine paid $2,960 of tuition and $1,040 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?
a. Elaines AGI is $103,250.
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