Problem 9-50 (LO 9-3) In each of the following cases, certain qualifying education expenses were paid during the tax year for individuals who were the taxpayer spouse, or dependent. The taxpayer has a tax liability and no other credits. Required: Determine the amount of the American opportunity tax credit (AOTC) and for the lifetime learning credit that should be taken in each instance Allowable Credit Type of Credit b A single individual with modified AGI of 532.900 and expenses of $2.520 for a child who is a full time college freshman A single individual with modified AGI of $14.500 and expenses of 53.2.40 for a child who is a full-time college junior A couple, manied filing jointly with modified AGI of $79,300 and compenses of 56 300 for a child who is a full-time graduate student e