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 2013:
What is the maximum education credit allowed to Tom and Anita?
Definitions:
Nonfiction Books
Literary works based on facts, real events, and real people, such as biographies, histories, and essays.
Horizontal Social Mobility
describes the movement of individuals or groups across similar social positions without a change in their social status.
Auto Plants
Factories where automobiles are manufactured, involving assembly lines and complex machinery to produce vehicles.
American Dream
The ethos of the United States, representing the set of ideals (democracy, rights, liberty, opportunity, and equality) in which freedom includes the opportunity for prosperity and success.
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