John, a single father, has AGI of $83,000 in 2021. During the year, he pays $4,000 in qualified tuition for his dependent son, who just started attending Small University. What is John’s American Opportunity tax credit for 2021? $0 $1,750 $2,250 $2,500 $4,000

John, a single father, has AGI of $83,000 in 2021. During the year, he pays $4,000 in qualified tuition for his dependent son, who just started attending Small University. What is John’s American Opportunity tax credit for 2021? $0 $1,750 $2,250 $2,500 $4,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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