In 2021, Laureen is currently single. She paid $2,740 of qualified tuition and related expenses for each of her twin daughters Sheri and Meri to attend State University as freshmen ($2,740 each for a total of $5,480). Sheri and Meri qualify as Laureen’s dependents. Laureen also paid $1,920 for her son Ryan’s (also Laureen’s dependent) tuition and related expenses to attend his junior year at State University. Finally, Laureen paid $1,420 for herself to attend seminars at a community college to help her improve her job skills. What is the maximum amount of education credits Laureen can claim for these expenditures in each of the following alternative scenarios? (Leave no answer blank. Enter zero if applicable.) a. Laureen's AGI is $45,000. Answer is complete but not entirely correct.
Problem 8-73 (LO 8-4) (Algo)
In 2021, Laureen is currently single. She paid $2,740 of qualified tuition and related expenses for each of her twin daughters Sheri and Meri to attend State University as freshmen ($2,740 each for a total of $5,480). Sheri and Meri qualify as Laureen’s dependents. Laureen also paid $1,920 for her son Ryan’s (also Laureen’s dependent) tuition and related expenses to attend his junior year at State University. Finally, Laureen paid $1,420 for herself to attend seminars at a community college to help her improve her job skills.
What is the maximum amount of education credits Laureen can claim for these expenditures in each of the following alternative scenarios? (Leave no answer blank. Enter zero if applicable.)
a. Laureen's AGI is $45,000.
Answer is complete but not entirely correct.
|
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
