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?
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?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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