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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
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 $8,070 of tuition and $5,145 for room and board for Dante, a full-time first-year student at Serene College and claimed as a dependent by Paola and Isidora.
Determine the amount of the Shaws' American Opportunity credit for the year.
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