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Required information [The following information applies to the questions displayed below] Olga is married and files a joint tax return with her husband. What amount
Required information [The following information applies to the questions displayed below] Olga is married and files a joint tax return with her husband. What amount of AMT exemption may she deduct under each of the following alternative circumstances? Exhibit 8-5 (Leave no answer blank. Enter zero if applicable.) b. Her AMTI is $1,080,000. Answer is complete but not entirely correct. Amount of AMT exemption 0 He work you have completed so f Required information f 3 [The following information applies to the questions displayed below. Trey has two dependents, his daughters, ages 14 and 17, at year-end. Trey files a joint return with his wife What amount of child credit will Trey be able to claim for his daughters under each of the following alternative situations? Use Exhibit 8-8 a. His AGI is $100,000. Answer is complete but not entirely correct. Amount of child tax credit 0 x Required information [The following information applies to the questions displayed below In 2019, Elaine paid $2,800 of tuition and $600 for books for her dependent son to attend State University this past fall as a freshman. Elaine files a joint return with her husband. What is the maximum American opportunity tax credit that Elaine can claim for the tuition payment and books in each of the following alternative situations? (Leave no answer blank. Enter zero if applicable.) d a. Elaine's AGI is $80,000. American opportunity tax credit
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