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McGraw-Hill's Taxation of Individuals 3rd Edition by Brian Spilker,Benjamin Ayers,John Robinson,Edmund Outslay ,Ronald Worsham,John Barrick,Connie Weaver
Edition 3ISBN: 978-0077328368McGraw-Hill's Taxation of Individuals 3rd Edition by Brian Spilker,Benjamin Ayers,John Robinson,Edmund Outslay ,Ronald Worsham,John Barrick,Connie Weaver
Edition 3ISBN: 978-0077328368 Exercise 41
In 2011, 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 credit Elaine can claim for the tuition payment in each of the following alternative situations
a.Elaine's AGI is $80,000.
b.Elaine's AGI is $168,000.
c.Elaine's AGI is $184,000.
a.Elaine's AGI is $80,000.
b.Elaine's AGI is $168,000.
c.Elaine's AGI is $184,000.
Explanation
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Federal income tax
Federal income tax d...
McGraw-Hill's Taxation of Individuals 3rd Edition by Brian Spilker,Benjamin Ayers,John Robinson,Edmund Outslay ,Ronald Worsham,John Barrick,Connie Weaver
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