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John graduates from high school in 2014 and enrolls in a private college in the fall. His parents pay $10,000 for his tuition and fees.
a. Assuming John's parents have AGI of $46,000, what is the American Opportunity credit they can claim for John? Explain.
b. Assuming John's parents have AGI of $175,000, what is the American Opportunity credit they can claim for John? Explain.
Paying Bills
The process of settling financial obligations for services or products received, often on a regular basis.
Buying Groceries
The act of purchasing food and other household necessities from a supermarket or grocery store.
Genetic-Programming Theories
Theories suggesting that aspects of human behavior and characteristics may be predetermined by genetic information.
Detail
An individual feature, fact, or item that is part of a larger entity.
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