Ariana and John who file a joint return have to dependent children, Kai and Angel. Kai is a freshman at State University, an Angel is working on her graduate degree. The couple paid qualified expenses of $3900 for Kai (who is a half-time student) and $7800 for Angel. What is the amount and type of education tax credit that Ariana and John can take, assuming they have no modified AGI limitation?

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter8: Taxation Of Individuals
Section: Chapter Questions
Problem 54P
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Ariana and John who file a joint return have to dependent children, Kai and Angel. Kai is a freshman at State University, an Angel is working on her graduate degree. The couple paid qualified expenses of $3900 for Kai (who is a half-time student) and $7800 for Angel. What is the amount and type of education tax credit that Ariana and John can take, assuming they have no modified AGI limitation?

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