Timothy and alice who are married with modified agi of, Ask an Expert

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Timothy and Alice, who are married with modified AGI of $90,000, are sending their daughter to her first year of college. Their total tuition and related payments during the year amounted to $13,000. In addition, their daughter received a $10,000 scholarship to cover tuition. They have not taken advantage of any other type of tax benefit related to educational expenses. Their American Opportunity Tax Credit is? Please show calculations so I can better check my work.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91930943

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