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Keith Has a 2013 Tax Liability of $2,250 Before Taking

question 73

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Keith has a 2013 tax liability of $2,250 before taking into account his American Opportunity credit.He paid $2,700 in qualifying expenses,was a full-time student,was not claimed as a dependent on his parents' return,and his American Opportunity credit was not subject to phase out.What is the amount of his American Opportunity credit allowed?


Definitions:

Organic Lotions

Skincare products made from organically sourced ingredients, free from synthetic chemicals, and often certified to meet organic standards for purity and sustainability.

Wealthy Residents

Individuals or households that possess a significant amount of financial resources, often measured by high income or substantial assets.

Convenience Store

A retail outlet that sells a limited range of household goods and groceries, often open long hours for the convenience of customers.

Warehouse Club

A membership-based retail store offering a wide variety of merchandise, often in bulk, at discounted prices to its members.

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