Joseph graduates from High School and enrolls in college in the Fall. Her parents pay $4,000 for his tuition and fees. Assuming his parents have AGI of $75,000 what is the American Opportunity tax credit they can claim for Joseph?

Income Tax Fundamentals 2020
38th Edition
ISBN:9780357391129
Author:WHITTENBURG
Publisher:WHITTENBURG
Chapter7: Tax Credits
Section: Chapter Questions
Problem 12MCQ
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Joseph graduates from High School and enrolls in college in the Fall. Her parents pay $4,000 for his tuition and fees. Assuming his parents have AGI of $75,000 what is the American Opportunity tax credit they can claim for Joseph?

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