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Incorrect Question 8 Unanswered 0/1 pts Mr. and Mrs. Linton are married and file a joint return for 2021. They have two children that
Incorrect Question 8 Unanswered 0/1 pts Mr. and Mrs. Linton are married and file a joint return for 2021. They have two children that attend Wuthering University. Ed is in graduate school and Isabella is a first-year History major. Mr. and Mrs. Linton paid $5,200 of tuition for Ed and $1,500 of tuition for Isabella. Their AGI is $58,400. They claim both of these children as dependents on Their tax return. What is the total amount of education credit for Mr. and Mrs. Linton? 4,000 Question 9 0/1 pts Linton is a second-year Accounting major at Grange University. His AGI for the year is $21,600. During 2021, he paid $3,600 for tuition and $800 for books and other course materials. He qualifies for the American Opportunity Credit. How much of his credit is refundable? Kenneth reported AGI of $84,000 for 2021 and expects 2022 to be a little bit higher. His tax liability on his 2021 tax return is $8,200. He expects his tax for 2022 to be about $9,600. Kenneth is self- employed. He wants to send in the smallest amount of estimated payments for 2022 as possible without being penalized. What is the smallest amount he can pay be April 15, 2022 (his first of four Huarterly installment payments) without being penalized for not paying enough? ect Question 11 0/1 pts Joseph has $2,200 of income tax liability (line 16 of Form 1040) for 2021. He has a $3,000 non-refundable credit, a $1,200 business credit, and an $800 refundable credit. Also, Joseph had $2,500 of federal income taxes withheld from his salary. What is Joseph's refund for the year? $1,100
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