Question
Paola and Isidora are married; file a joint tax return; report modified AGI of $126,440; and have one dependent child, Dante. The couple paid $13,245
Paola and Isidora are married; file a joint tax return; report modified AGI of $126,440; and have one dependent child, Dante. The couple paid $13,245 of tuition and $18,510 for room and board for Dante (a freshman). Dante is a full-time student and claimed as a dependent by Paola and Isidora.
Determine the amount of the American Opportunity credit for 2022.
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Principles of Accounting
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
12th edition
978-1133603054, 113362698X, 9781285607047, 113360305X, 978-1133626985
