Joan, a single mother, has AGI of $72,000 in 2020. In September 2020, she pays $5,000 in

Question:

Joan, a single mother, has AGI of $72,000 in 2020. In September 2020, she pays $5,000 in qualified tuition for her dependent son who just started at Big University. What is Joan’s American Opportunity credit for 2020?
a. $0
b. $1,250
c. $2,125
d. $2,500
e. Some other amount

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Income Tax Fundamentals 2021

ISBN: 9780357141366

39th Edition

Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill

Question Posted: