Toni and Beyonze are married and file jointly. During 2020, they paid tuition for their daughter’s college in the amount of $23,000. If their AGI was $142,000, what is the amount of tuition deduction they are eligible for? a. $23,000 b. $0 c. $4,000 d. $2,000 e. None of these
Toni and Beyonze are married and file jointly. During 2020, they paid tuition for their daughter’s college in the amount of $23,000. If their AGI was $142,000, what is the amount of tuition deduction they are eligible for? a. $23,000 b. $0 c. $4,000 d. $2,000 e. None of these
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter9: Individuals As Taxpayers
Section: Chapter Questions
Problem 3CE
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Question
Toni and Beyonze are married and file jointly. During 2020, they paid tuition for their daughter’s college in the amount of $23,000. If their AGI was $142,000, what is the amount of tuition deduction they are eligible for?
a. |
$23,000
|
|
b. |
$0
|
|
c. |
$4,000
|
|
d. |
$2,000
|
|
e. |
None of these
|
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