Paola and Isidora are married; file a joint tax return; report modified AGI of $124,310; and have one dependent child, Dante. The couple paid $13,245 of tuition and $11,085 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 2022.

SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter10: Individuals: Income, Deductions, And Credits
Section: Chapter Questions
Problem 10CE
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Am.700.

Paola and Isidora are married; file a joint tax return; report modified AGI of $124,310; and have one dependent child, Dante. The couple
paid $13,245 of tuition and $11,085 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 2022.
Transcribed Image Text:Paola and Isidora are married; file a joint tax return; report modified AGI of $124,310; and have one dependent child, Dante. The couple paid $13,245 of tuition and $11,085 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 2022.
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