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! Required information [The following information applies to the questions displayed below.) In 2020, Laureen is currently single. She paid $2,760 of qualified tuition and
! Required information [The following information applies to the questions displayed below.) In 2020, Laureen is currently single. She paid $2,760 of qualified tuition and related expenses for each of her twin daughters Sheri and Meri to attend State University as freshmen ($2,760 each for a total of $5,520). Sheri and Meri qualify as Laureen's dependents. Laureen also paid $1,930 for her son Ryan's (also Laureen's dependent) tuition and related expenses to attend his junior year at State University. Finally, Laureen paid $1,430 for herself to attend seminars at a community college to help her improve her job skills. (Leave no answer blank. Enter zero if applicable.) a. What is the maximum amount of education credits Laureen can claim for these expenditures? Laureen's AGI is $45,000. If Laureen claims education credits for her three children and herself, how much credit is she allowed to claim in total? If she claims education credits for her children, how much of her children's tuition costs that do not generate credits may she deduct as for AGI expenses? American opportunity tax credit Lifetime learning credit For AGI deduction b. Laureen's AGI is $95,000. What is the maximum amount of education deductions Laureen can claim to the extent the costs don't generate a credit? For AGI deduction c. Laureen's AGI is $45,000 and Laureen paid $12,460 (not $1,930) for Ryan to attend graduate school (i.e., his fifth year, not his junior year). American opportunity tax credit Lifetime learning credit
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