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Nina, who is single with a modified AGI of $87,500, is sending her son to his first year of college. The total tuition and related
Nina, who is single with a modified AGI of $87,500, is sending her son to his first year of college. The total tuition and related payments during the year amounted to $15,000. Nina has not taken advantage of any other type of tax benefit related to educational expenses. Her American Opportunity Tax Credit is? Show work.
A) $0.
B) $625.
C) $1,125.
D) $2,500.
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