Tom and Anita Are Married, File a Joint Return with an AGI

question 1

Essay

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 2015: What is the maximum education credit allowed to Tom and Anita?

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Definitions:

HVAC Dealers

Businesses that specialize in selling, and often installing and servicing, heating, ventilation, and air conditioning systems.

All-Expenses-Paid Trip

A vacation or trip where all the costs, including travel, accommodations, and often meals and activities, are paid for in advance by the provider.

Pull Strategy

A marketing approach where a company focuses on creating demand for a product, encouraging consumers to actively seek out and buy the product.

Push Strategy

A marketing approach where businesses push their products to be seen by consumers, typically through advertising and promotions, rather than waiting for consumer interest.