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Paolo and Isadora Shaw are married, file a joint tax return, and have one dependent child, Dante. The Shaws report modified AGI of $148,000. The

  1. Paolo and Isadora Shaw are married, file a joint tax return, and have one dependent child, Dante. The Shaws report modified AGI of $148,000. The couple paid $12,210 of tuition and $17,355 for room and board for Dante, a full-time first-year student at Serene College and claimed as a dependent by Paola and Isidora.
  2. Determine the amount of the Shaws' American Opportunity credit for the year.

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