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:
Conspicuous Fibers
refers to fibers that are easily noticeable or prominent due to their appearance, structure, or function within biological or synthetic materials.
Fibroblasts
A type of cell found in connective tissue which produces collagen and other fibers.
Calcified Matrix
The hard, bone substance made when calcium salts deposit in the framework produced by osteoblasts.
Fibroblasts
A type of cell that is responsible for making the extracellular matrix and collagen, playing a critical role in wound healing and tissue repair.
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