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need help on part b Income Tax Credits (LO. 6) Brendan and Theresa are married and have three children in college. Their twin daughters, Christine

need help on part b image text in transcribed
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 sor Kevin, is a graduate student. In 2020, Brendan and Theresa pay $12,000 in tuition and fees ($6,000 each) and $1,100 in textbooks ($500 and $600, respectively) for their daughters and $4,200 in tuition and fees for Kevin and $400 in textbooks. The twins' room and board is $2,600, whille Kevin's room and board is $1,400. Brendan and Theresa have an adjusted gross income of $77,000. a. Brendan and Theresa can claim 5,840 as a tax credit for the higher education expenses. Feedback Check My W Eligible taxpayers who incur expenses for higher education can elect to claim one of two tax credits Round intermediate computations and final answer to the nearest dollar. b. Assume that their adjusted gross income is $121,000, then they can can 4,630 X as a tax credit for the higher education expenses Feed Che W Incorrect 4.500 at e. Assume the same facts as in porta, except that Kevin is a fresturan and the twins are graduate students, Brendon and Theresa con la credit for the higher education expenses

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