Question: Ariana and John, who file a joint return, have two dependent children, Kai and Angel. Kai is a freshman at State University, and Angel
Ariana and John, who file a joint return, have two dependent children, Kai and Angel. Kai is a freshman at State University, and Angel is working on her graduate degree. The couple paid qualified expenses of $3,760 for Kai (who is a half-time student) and $7,940 for Angel. Required: a. What education tax credits are available if Ariana and John report modified AGI of $173,840? b. What education tax credits are available if Ariana and John report modified AGI of $173,840 and Angel is taking one class a semester (is less than a half-time student) and not taking classes in a degree program? Complete this question by entering your answer in the tabs below. Required A Required B What education tax credits are available if Ariana and John report modified AGI of $173,840? Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Dependent Kai Angel Total Amount of Credit Type of Credit EA $ 13
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