Bradley Has Two College-Age Children, Clint, a Freshman at State

question 35

Essay

Bradley has two college-age children, Clint, a freshman at State University, and Abigail, a junior at Northwest University.Both Clint and Abigail are full-time students.Clint's expenses during the 2012 fall semester are as follows: $2,400 tuition, $250 books and course materials, and $1,600 room and board.Abigail's expenses for the 2012 calendar year are as follows: $10,200 tuition, $1,200 books and course materials, and $3,600 room and board.Tuition and the applicable room and board costs are paid at the beginning of each semester.Bradley is married, files a joint tax return, claims both children as dependents, and has a combined AGI with his wife of $114,000 for 2012.Determine Bradley's available education tax credit for 2012.

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Definitions:

Horizontal Integration

An approach in which a business merges, acquires, or absorbs another business within the same sector at an identical production phase.

Productive Integration

refers to the effective assimilation and utilization of resources, systems, or workers within an organization or economy to maximize productivity.

Sourcing

The process of finding and selecting suppliers or sources from which goods and services are obtained.

Public Relations Office

An office or department within an organization responsible for managing and guiding the public image and communications of the organization.