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Walt and Deloris, who file a joint return, have two dependent children, Bill and Tiffany. Bill is a freshman at State University, and Tiffany is
Walt and Deloris, who file a joint return, have two dependent children, Bill and Tiffany. Bill is a freshman at State University, and Tiffany is working on her graduate degree. The couple paid qualified expenses of $1,700 for Bill (who is a half-time student) and $6,100 for Tiffany. Required: a. What education tax credits are available if Walt and Deloris report modified AGI of $118,300? b. What education tax credits are available if Walt and Deloris report modified AGI of $118,300 and Tiffany is taking one class a semester (is less than a half-time student) and not taking classes in a degree program? Answer is not complete. Complete this question by entering your answer in the tabs below. Required a Required b What education tax credits are available if Walt and Deloris report modified AGI of $118,300? (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) Dependent Type of Credit Amount of Credit $ 1,700 Bill Tiffany Total $ 1,700 Required a Required b> Required a Required b What education tax credits are available if Walt and Deloris report modified AGI of $118,300 and Tiffany is taking one class a semester (is less than a half-time student) and not taking classes in a degree program? (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) Dependent Amount of Credit Type of Credit Bill Tiffany Total $ 0
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