Anthony and Judy are married with a daughter, Jessica, attending college. Their AGI for 2020...

70.2K

Verified Solution

Question

Accounting

Anthony and Judy are married with a daughter, Jessica, attending college. Their AGI for 2020 is $175,000. Jessica is in her 3rd year at college and a full-time student. Her costs for the year were $3000 in tuition, $6000 in room and board, and $500 in textbooks and supplies. Anthony is also working towards his Masters Degree, paying $10,000 in tuition. How much American Opportunity credit can Anthony and Judy take?

a. $625

b. $1250

c. None of these

d. $594

e. $1219

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students