Ariana and John, who file a joint return, have two dependent children, Kai and Angel. Kai is a freshman at State University, and Angel is working on her graduate degree. The couple paid qualified expenses of $3,900 for Kai (who is a half-time student) and $7,800 for Angel. Required: a. What education tax credits are available if Ariana and John report modified AGI of $173,700? b. What education tax credits are available if Ariana and John report modified AGI of $173,700 and Angel is taking one class a semester (is less than a half-time student) and not taking classes in a degree program? Complete this question by entering your answer in the tabs below. Required A Required B What education tax credits are available if Ariana and John report modified AGI of $173,700? Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Dependent Amount of Credit Type of Credit AOTC Lifetime learning credit Total $ 0 Kai Angel Ariana and John, who file a joint return, have two dependent children, Kai and Angel. Kai is a freshman at State University, and Angel is working on her graduate degree. The couple paid qualified expenses of $3,900 for Kai (who is a half-time student) and $7,800 for Angel. Required: a. What education tax credits are available if Ariana and John report modified AGI of $173,700? b. What education tax credits are available if Ariana and John report modified AGI of $173,700 and Angel is taking one class a semester (is less than a half-time student) and not taking classes in a degree program? Complete this question by entering your answer in the tabs below. Required A Required B What education tax credits are available if Ariana and John report modified AGI of $173,700 and Angel is taking one class a semester (is less than a half-time student) and not taking classes in a degree program? Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Dependent Amount of Credit Kai Angel Total Type of Credit AOTC Lifetime learning credit 0

Ariana and John, who file a joint return, have two dependent children, Kai and Angel. Kai is a freshman at State University, and Angel is working on her graduate degree. The couple paid qualified expenses of $3,900 for Kai (who is a half-time student) and $7,800 for Angel. Required: a. What education tax credits are available if Ariana and John report modified AGI of $173,700? b. What education tax credits are available if Ariana and John report modified AGI of $173,700 and Angel is taking one class a semester (is less than a half-time student) and not taking classes in a degree program? Complete this question by entering your answer in the tabs below. Required A Required B What education tax credits are available if Ariana and John report modified AGI of $173,700? Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Dependent Amount of Credit Type of Credit AOTC Lifetime learning credit Total $ 0 Kai Angel Ariana and John, who file a joint return, have two dependent children, Kai and Angel. Kai is a freshman at State University, and Angel is working on her graduate degree. The couple paid qualified expenses of $3,900 for Kai (who is a half-time student) and $7,800 for Angel. Required: a. What education tax credits are available if Ariana and John report modified AGI of $173,700? b. What education tax credits are available if Ariana and John report modified AGI of $173,700 and Angel is taking one class a semester (is less than a half-time student) and not taking classes in a degree program? Complete this question by entering your answer in the tabs below. Required A Required B What education tax credits are available if Ariana and John report modified AGI of $173,700 and Angel is taking one class a semester (is less than a half-time student) and not taking classes in a degree program? Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Dependent Amount of Credit Kai Angel Total Type of Credit AOTC Lifetime learning credit 0

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter8: Taxation Of Individuals

Section: Chapter Questions

Problem 67TA

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