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Henry is a single father with a son, Kevin, who is a sophomore in college....

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Question

Accounting

Henry is a single father with a son, Kevin, who is a sophomore in college. Henry paid $5,000 in qualifying expenses for Kevin to attend the University of Minnesota. Henry's AGI is $47,000. What is his allowable American opportunity tax credit?

Group of answer choices

$2,500

$4,000

$5,000

$0

Answer & Explanation Solved by verified expert
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