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 Kai Angel Amount of Credit Type of Credit Total $ 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 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 Kai Angel Amount of Credit Type of Credit Total $ 0
Chapter8: Taxation Of Individuals
Section: Chapter Questions
Problem 67TA
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Transcribed Image Text: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
Kai
Angel
Amount of
Credit
Type of Credit
Total
$
0
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