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Income Tax Credits (LO. 6) Brendan and Theresa are married and have three children in college. Their twin daughters, Christine and Katlyn, are freshmen and

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Income Tax Credits (LO. 6) Brendan and Theresa are married and have three children in college. Their twin daughters, Christine and Katlyn, are freshmen and attend the same university. Their son, Kevin, is a graduate student. In 2020, Brendan and Theresa pay $11,840 in tuition and fees ($5,920 each) and $2,840 in textbooks ($1,410 and 51,430, respectively) for their daughters and $4,230 in tuition and fees for Kevin and $320 in textbooks. The twins' room and board is $2,650, while Kevin's room and board is $1,370. Brendan and Theresa have an adjusted gross income of $65,600. a. Brendan and Theresa can claim $8,000 X as a tax credit for the higher education expenses. Erothek Round Intermediate computations and final answer to the nearest dollar. b. Assume that their adjusted gross income is $126,200, then they can calm as a tax credit for the higher education expenses. F c. Assume the same facts as in part a, except that Kevin is a freshman and the twins are graduate students. Brendan and Theresa can claims as a tax credit for the higher education expenses. Fabach Feet Check My Work

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