In 2023, Elaine paid $2,760 of tuition and $1,060 for books for her dependent son to attend State University th 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 of the following alternative situations? Note: Leave no answer blank. Enter zero if applicable. Elaine's AGI is $164,500. ce: Round your intermediate calculations to the nearest whole dollar amount. American opportunity tax credit $ 2,500
In 2023, Elaine paid $2,760 of tuition and $1,060 for books for her dependent son to attend State University th 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 of the following alternative situations? Note: Leave no answer blank. Enter zero if applicable. Elaine's AGI is $164,500. ce: Round your intermediate calculations to the nearest whole dollar amount. American opportunity tax credit $ 2,500
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:In 2023, Elaine paid $2,760 of tuition and $1,060 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?
Note: Leave no answer blank. Enter zero if applicable.
b. Elaine's AGI is $164,500.
Note: Round your intermediate calculations to the nearest whole dollar amount.
American opportunity tax credit
$
2,500
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