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

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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

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Related Book For  answer-question
Income Tax Fundamentals 2021

Income Tax Fundamentals 2021

ISBN: 9780357141366

39th Edition

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

See More Books
Question Details
Chapter # 7- Tax Credits
Section: Multiple Choice
Problem: 13
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Question Posted: September 28, 2023 03:07:44
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