Wendy has twins, Robert and Richard, who are in their first and third years of school at accredited universities. In 2020, she paid $10,000 in qualified educational expenses for Robert and $2,200 for Richard. Wendy files as head of household with an AGI of $83,000. What amount of American opportunity credit may she claim? Multiple Choice $1.500 $3.185 $1,365 $3,500 $4,550

Wendy has twins, Robert and Richard, who are in their first and third years of school at accredited universities. In 2020, she paid $10,000 in qualified educational expenses for Robert and $2,200 for Richard. Wendy files as head of household with an AGI of $83,000. What amount of American opportunity credit may she claim? Multiple Choice $1.500 $3.185 $1,365 $3,500 $4,550

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter7: Tax Credits

Section: Chapter Questions

Problem 13MCQ: Joan, a single mother, has AGI of $61,500 in 2019. In September 2019 , she pays $5,000 in qualified...

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