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/or the lifetime learning credit that should be taken in each instance Allowable Credit Type of Credit a exces 5 A single individual with modified AGI of $32,900 and expenses of $3,400 for a child who is a full-time college freshman A single individual with modified AGI of 544,600 and expenses of $3,800 for a child who is a full-time college junio A couple, mamed filing jointly, with modified AGI of $79.300 and expenses of 58.000 for a child who is a full time graduate student