In 2021, Elaine paid $2,160 of tuition and $900 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.) . Elaine's AGI is $189,000. American opportunity tax credit

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter8: Taxation Of Individuals
Section: Chapter Questions
Problem 35P
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In 2021, Elaine paid $2,160 of tuition and $900 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.)
c. Elaine's AGI is $189,000.
American opportunity tax credit
Transcribed Image Text:In 2021, Elaine paid $2,160 of tuition and $900 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.) c. Elaine's AGI is $189,000. American opportunity tax credit
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