Tom and Anita are married, file a joint return with an AGI of $165,000, and have one dependent child, Tim, who is a first-time freshman in college. The following expenses are incurred and paid in 2014:
What is the maximum education credit allowed to Tom and Anita?
Definitions:
Andropause
A term sometimes used to describe aging-related hormone changes in men, similar to menopause in women.
Reduced Sperm Count
A medical condition characterized by a lower than normal concentration of sperm in a man's ejaculate, potentially leading to fertility issues.
Hormone Production
The biological process by which hormones are synthesized and secreted in the body, regulating various bodily functions.
Growth Spurts
Rapid periods of physical growth and development that occur during childhood and adolescence.
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