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.
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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd5d9ebb0-dfb7-42ee-98ad-ee88b9064762%2F6f94586c-2f73-490d-8f14-f33b9a16b73a%2Fbv33kk_processed.jpeg&w=3840&q=75)
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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