Walt and Deloris have two dependent children, Bill and Tiffany. Bill is a freshman at State University and Tiffany is

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Walt and Deloris have two dependent children, Bill and Tiffany. Bill is a freshman at State University and Tiffany is working on her graduate degree. The couple paid qualified expenses of $3,900 for Bill (who is a half-time student) and $7,800 for Tiffany. What is the amount and type of education tax credits that Walt and Deloris can take, assuming they have no modified AGI limitation?

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Related Book For  answer-question

Fundamentals Of Taxation 2015

ISBN: 9781259293092

8th Edition

Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone

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Question Posted: February 04, 2016 05:59:35