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Woodstock has two college-age children, Schroeder, a freshman at State University, and Marcie, a junior at Peanuts University. Both Schroeder and Marcie are full-time

 

Woodstock has two college-age children, Schroeder, a freshman at State University, and Marcie, a junior at Peanuts University. Both Schroeder and Marcie are full-time students. Schroeder's expenses during the 2021 fall semester are as follows: $1,830 tuition, $955 books and course materials, and $3,450 room and board. 1830 93 = 2785 Marcie's expenses for the 2021 calendar year are as follows: $8,150 tuition, $1,600 books and course materials, and $4,900 room and board. 1600 = 9750 8150 Tuition and the applicable room and board costs are paid at the beginning of each semester. Woodstock is married, files a joint tax return, claims both children as dependents, and has a combined AGI with his wife of $134,000 for 2021. Determine Woodstock's available education tax credit for 2021.

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