18-In 2019, Elaine paid $3,200 of tuition and $700 for books for her dependent son to...

18-In 2019, Elaine paid $3,200 of tuition and $700 for books for her dependent son to attend State University this past fall as a freshman. Elaine files a joint return with her husband. Elaine’s AGI is $168,000.What is the maximum American opportunity credit Elaine can claim for the tuition payment and books?

19-In 2019, Amanda and Jaxon Stuart have a daughter who is one year old. The Stuarts are full-time students and they are both 23 years old. Their AGI is $25,000, consisting of $18,000 of wages and $7,000 of lottery winnings (unearned income). What is their earned income credit if they file jointly?

20-In 2019, Amanda and Jaxon Stuart have a daughter who is one year old. The Stuarts are full-time students and they are both 23 years old. Their AGI is $25,000, consisting of $7,000 of wages and $18,000 of lottery winnings (unearned income). What is their earned income credit if they file jointly?

Expert Solution

ekkarill92 answered 2 years ago

1.In 2019, Elaine paid $3,000 of tuition and $700 for books for her dependent son to...

1.In 2019, Elaine paid $3,000 of tuition and $700 for books for her dependent son to attend State University this past fall as a freshman. Elaine files a joint return with her husband. Elaine’s AGI is $168,000.What is the maximum American opportunity credit Elaine can claim for the tuition payment and books? 2.In 2019, Amanda and Jaxon Stuart have a daughter who is one year old. The Stuarts are full-time students and they are both 23 years old. Their AGI...

In 2019, Elaine paid $2,640 of tuition and $920 for books for her dependent son to...

In 2019, Elaine paid $2,640 of tuition and $920 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 $83,000. b. His AGI is $423,600. c. His AGI is...

In 2019, Elaine paid $2,800 of tuition and $600 for books for her dependent son to...

In 2019, Elaine paid $2,800 of tuition and $600 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 $80,000. b. Elaine’s AGI is $168,000. c. Elaine’s AGI is...

In 2018, Elaine paid $2,480 of tuition and $1,240 for books for her dependent son to...

In 2018, Elaine paid $2,480 of tuition and $1,240 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 credit that Elaine can claim for the tuition payment and books in each of the following alternative situations? a. Elaine’s AGI is $87,000. b. Elaine’s AGI is $179,000 c. Elaine’s AGI is $233,500.

In 2018, Elaine paid $2,760 of tuition and $1,060 for books for her dependent son to...

In 2018, Elaine paid $2,760 of tuition and $1,060 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 credit that Elaine can claim for the tuition payment and books in each of the following alternative situations? What is the American Opportunity Credit if: a. Elaine’s AGI is $92,750. b. Elaine’s AGI is $164,500. c. Elaine’s AGI is $211,000.

In 2017, Elaine paid $2,920 of tuition and $840 for books for her dependent son to...

In 2017, Elaine paid $2,920 of tuition and $840 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 credit that Elaine can claim for the tuition payment and books in each of the following alternative situations? (Round your intermediate calculations to two decimal places and final answer to the nearest whole dollar amount. Leave no answer blank. Enter zero...

In 2018, Elaine paid $2,840 of tuition and $800 for books for her dependent son to...

In 2018, Elaine paid $2,840 of tuition and $800 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 credit that Elaine can claim for the tuition payment and books in each of the following alternative situations? a. Elaine’s AGI is $103,500. b. Elaine’s AGI is $172,000. c. Elaine’s AGI is $200,500.

In 2018, Elaine paid $3,000 of tuition and $600 for books for her dependent son to...

In 2018, Elaine paid $3,000 of tuition and $600 for books for her dependent son to attend State University this past fall as a freshman. Elaine files a joint return with her husband. Elaine’s AGI is $168,000.What is the maximum American opportunity credit Elaine can claim for the tuition payment and books? In 2018, Amanda and Jaxon Stuart have a daughter who is one year old. The Stuarts are full-time students and they are both 23 years old. Their AGI...

In 2018, Elaine paid $2,640 of tuition and $920 for books for her dependent son to...

In 2018, Elaine paid $2,640 of tuition and $920 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 credit that Elaine can claim for the tuition payment and books in each of the following alternative situations? a. Elaine’s AGI is $83,000. b. Elaine’s AGI is $170,500. c. Elaine's AGI is 205,500

In 2020, Elaine paid $2400 of tuition and $1020 for books for her dependent son to...

In 2020, Elaine paid $2400 of tuition and $1020 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? a. Elaine's AGI is $99,750 b. Elaine's AGI is $166,500 c. Elaine's AGI is $213,500

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