In 2022, Elaine paid $2,800 of tuition and $640 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? Note: Leave no answer blank. Enter zero if applicable. Required: a. Elaine's AGI is $83,200. b. Elaine's AGI is $166,000. Note: Round your intermediate calculations to the nearest whole dollar amount. c. Elaine's AGI is $198,750. Complete this question by entering your answers in the tabs below. Required A Required B Required C Elaine's AGI is $166,000. Note: Round your intermediate calculations to the nearest whole dollar amount. American opportunity tax credit $ Required A Required C >
In 2022, Elaine paid $2,800 of tuition and $640 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? Note: Leave no answer blank. Enter zero if applicable. Required: a. Elaine's AGI is $83,200. b. Elaine's AGI is $166,000. Note: Round your intermediate calculations to the nearest whole dollar amount. c. Elaine's AGI is $198,750. Complete this question by entering your answers in the tabs below. Required A Required B Required C Elaine's AGI is $166,000. Note: Round your intermediate calculations to the nearest whole dollar amount. American opportunity tax credit $ Required A Required C >
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter9: Individuals As Taxpayers
Section: Chapter Questions
Problem 19P
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Transcribed Image Text:In 2022, Elaine paid $2,800 of tuition and $640 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?
Note: Leave no answer blank. Enter zero if applicable.
Required:
a. Elaine's AGI is $83,200.
b. Elaine's AGI is $166,000.
Note: Round your intermediate calculations to the nearest whole dollar amount.
c. Elaine's AGI is $198,750.
Complete this question by entering your answers in the tabs below.
Required A
Required B
Elaine's AGI is $166,000.
Note: Round your intermediate calculations to the nearest whole dollar amount.
American opportunity tax credit
Required C
$
< Required A
Required C >
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