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Jane graduates from high school in June 2020. In the fall, she enrolls for twelve units at Big State University. Big State University considers students
Jane graduates from high school in June 2020. In the fall, she enrolls for twelve units at Big State University. Big State University considers students who take twelve or more units to be full-time. Janes father pays her tuition and fees of $2,500 for the fall semester and in December 2020 prepays $2,500 for the spring semester. In 2020, the American Opportunity tax credit for Janes tuition and fees before any AGI limitation is:
a. $5,000
b. $2,500
c. $2,200
d. $2,000
e. Some other amount
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