Paola and Isidora are married; file a joint tax return; report modified AGI of $12 have one dependent child, Dante. The couple paid $12,210 of tuition and $12,90 and board for Dante (a freshman). Dante is a full-time student and claimed as a by Paola and Isidora. Determine the amount of the American Opportunity credit for 2023.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Paola and Isidora are married; file a joint tax return; report modified AGI of $125,375; and
have one dependent child, Dante. The couple paid $12,210 of tuition and $12,900 for room
and board for Dante (a freshman). Dante is a full-time student and claimed as a dependent
by Paola and Isidora.
Determine the amount of the American Opportunity credit for 2023.
Transcribed Image Text:Paola and Isidora are married; file a joint tax return; report modified AGI of $125,375; and have one dependent child, Dante. The couple paid $12,210 of tuition and $12,900 for room and board for Dante (a freshman). Dante is a full-time student and claimed as a dependent by Paola and Isidora. Determine the amount of the American Opportunity credit for 2023.
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