Peter is single, a consultant this year he spent $1950 on course tuition and fees. Assume Peter has AGB of 598,000, how much A. Peter is singlea consultant this year he spent 51,950 on course tuition and Assume Peter has of , how much lifetime learning credit can Peter claim on his tax return? Why?

During 2020 the following data was presented for Raymond and Zuzie Chiang. They live in lowa, are married and have three children ages 5and income was $45,612 and his income was 515,300 both are self employed. They Aldo have interest income from tax-exempt bonds. They enrolled in health insurance for all 2020 through their state exchange but did not elect to have the credit paid in advance. The 2020 Form 1095-A lists the following Annual premiums annual premium for the designated silver plan in the state 11,200.

Compute the Chiang's premium tax credit for 2020..

Answer rating: 100% (QA)

Peter cannot avail of lifetime learning credit as his AGI is ... View the full answer