Paola and Isadora Shaw are married, file a joint tax return, and have one dependent child, Dante. The Shaws report modified AGI of $139,220. The couple paid $14,970 of tuition and $8,610 for room and board for Dante, a full-time first-year student at Serene College and claimed as a dependent by Paola and Isidora.
Required:
Determine the amount of the Shaws' American Opportunity credit for the year.
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Paola and Isadora Shaw are married, file a joint tax return, and have one dependent child, Dante. Th...
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