In 2019, Elaine paid $2,360 of tuition and $780 for books for her dependent son to...

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In 2019, Elaine paid $2,360 of tuition and $780 for books for her dependent son to attend State University this past fall as a freshman. Elaine files a joint return with her husband. What is the maximum American opportunity tax credit that Elaine can claim for the tuition payment and books in each of the following alternative situations? (Leave no answer blank. Enter zero if applicable.) a. Elaine's AGI is $101,000. American opportunity tax credit b. Elaine's AGI is $161,500. (Round your intermediate calculations to the nearest whole dollar amount.) American opportunity tax credit c. Elaine's AGI is $230,000. American opportunity tax credit This year Luke has calculated his gross tax liability at $2,120. Luke is entitled to a $2,880 nonrefundable personal tax credit, a $1,740 business tax credit, and a $760 refundable personal tax credit. In addition, Luke has had $2,700 of income taxes withheld from his salary. (Input the amount as a positive value.) What is Luke's net tax due or refund? Tax refund In 2019, Elaine paid $2,360 of tuition and $780 for books for her dependent son to attend State University this past fall as a freshman. Elaine files a joint return with her husband. What is the maximum American opportunity tax credit that Elaine can claim for the tuition payment and books in each of the following alternative situations? (Leave no answer blank. Enter zero if applicable.) a. Elaine's AGI is $101,000. American opportunity tax credit b. Elaine's AGI is $161,500. (Round your intermediate calculations to the nearest whole dollar amount.) American opportunity tax credit c. Elaine's AGI is $230,000. American opportunity tax credit This year Luke has calculated his gross tax liability at $2,120. Luke is entitled to a $2,880 nonrefundable personal tax credit, a $1,740 business tax credit, and a $760 refundable personal tax credit. In addition, Luke has had $2,700 of income taxes withheld from his salary. (Input the amount as a positive value.) What is Luke's net tax due or refund? Tax refund

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Solution a American Opportunity Tax Credit 2285 Description Amount Explanation 1 AOC before phaseout ... View the full answer