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In the current year, Sammy Davis, an accountant, took a continuing education course in the Ethics of Not Cheating on a Tax Return (similar to

In the current year, Sammy Davis, an accountant, took a continuing education course in the "Ethics of Not Cheating on a Tax Return" (similar to the Ethics of Not Cheating in a Tax course). The course was offered by a local community college and cost $1,500. Sammy also bought a text book for the course that cost $100. In addition, Sammy's son, Jameson, is a junior at the State University. His tuition bill for two semesters was $9,000 ($4,500 in Winter and Fall semesters) and his cost for books was $450 for the current year. Sammy paid for Jameson's college costs and even though Jameson has a part-time job to pay for living expenses while in school, he is still a dependent of Sammy. Sammy is married to Eleanor and their combined AGI for the current year is $75,000. a. Which expenses, if any, qualify for the lifetime learning credit? b. Calculate the lifetime learning credit for the Davis family. c. Which expenses, if any, qualify for the American Opportunity credit? d. Calculate the American Opportunity credit for the Davis family.?

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