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John Graduates from High School in 2017 and Enrolls in a Private

question 47

Essay

John graduates from high school in 2017 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.


Definitions:

Intramural

Activities or competitions occurring within the same institution, especially referring to sports within a single educational establishment.

Genus

A class or group of entities that share common characteristics, often used in classifications and taxonomies.

Species

The basic unit of biological classification, defined as a group of living organisms consisting of similar individuals capable of exchanging genes or interbreeding.

Real Referents

Entities in the real world to which words, symbols, or other forms of representation directly relate or refer.

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