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need help with 2A Problem 1233(10,4,7) Jenna Rosen, a longtime client of yours, 15 an architect and president of the local Rotary chapter. To keep
need help with 2A
Problem 1233(10,4,7) Jenna Rosen, a longtime client of yours, 15 an architect and president of the local Rotary chapter. To keep up to date with the latest developments in her profession, she attends continuing education seminars offered by the architecture school at State University, This year, Jenna spends $2,000 on course tuition to attend these seminars. She also spends another $400 on architecture books during the year. Jenna's dependent daughter Caitlin is a senior majoring in engineering at the University of the Midwest. During the calendar year, Catlin incurs the following expenses: $8,200 for tuition ($4,100 per semester) and $750 for books and course materials, Caitlin lives at home while attending school full-time. Jenna is married, files a joint return, and has a combined AGI with her husband Morrie of $120,000. a. (1) Classify each of the following costs as "Eligible" or "Not Elgible" for an education tax credit through the American Opportunity a. (2) Jenna's Amsencan Opportunity credit is , and ber lifetime leaming credit is? Festusd F Check My Wis incotred b. In her capocty as president of the locat Porary chapte, lenns has acked yoo to make a 20-10 30-minute speech oubining the dilterent ways the tax Liw belps defrar (1) the chst of higher education and (2) the cont of continumg education conce someone is in the Classify each of the followng as an item to "Include" or "Euclude" in the preiernition Step by Step Solution
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