In each of the following cases, certain qualifying education expenses were paid during the tax year for individuals who were the taxpayer, spouse, or dependent. The taxpayer has a tax liability and no other credits.

Required:

Determine the amount of the American opportunity tax credit (AOTC) and/or the lifetime learning credit that should be taken in each instance.

a. A single individual with modified AGI of $32,900 and expenses of $2,480 for a child who is a full-time college freshman. b. A single individual with modified AGI of $44,500 and expenses of $3,160 for a child who is a full-time college junior. C. A couple, married filing jointly, with modified AGI of $79,300 and expenses of $6,200 for a child who is a full-time graduate student. Allowable Credit Type of Credit