Conner and Matsuko Paid $1,000 and $2,000,in Qualifying Expenses for Their

question 27

Multiple Choice

Conner and Matsuko paid $1,000 and $2,000,in qualifying expenses for their two sons,Jason and Justin,respectively,to attend Montana State University.Jason is a sophomore and Justin is a freshman.Conner and Matsuko's AGI is $195,000.What is their allowable American opportunity tax credit?

• A)$0.
• B)$2,000.
• C)$3,000.
• D)$3,700.

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Definitions:

Intercept

The point at which a line crosses the y-axis in a coordinate plane, reflecting the constant term of the equation when the value of x is zero.

Predicted GPA

An estimate of a student's grade point average based on variables and factors within a regression model.

Predict Y Scores

The process of using a statistical model to estimate the values of the dependent variable based on the values of one or more independent variables.

X Scores

Often refers to the values of observations or data points in a dataset, particularly in the context of variables or scores on a test.