Required information (The following information applies to the questions displayed below.) In 2020, 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.) b. Elaine's AGI Is $165,500. (Round your intermediate calculations to the nearest whole dollar amount.) American opportunity tax credit

SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter9: Individuals As Taxpayers
Section: Chapter Questions
Problem 2CE
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Required information
(The following information applies to the questions displayed below.)
In 2020, 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.)
b. Elaine's AGI is $165,500. (Round your intermediate calculations to the nearest whole dollar amount.)
Armerican opportunity tax credit
Transcribed Image Text:Required information (The following information applies to the questions displayed below.) In 2020, 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.) b. Elaine's AGI is $165,500. (Round your intermediate calculations to the nearest whole dollar amount.) Armerican opportunity tax credit
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