Tom and Anita are married, file a joint return with an AGI of $165,000, and have one dependent child, Tim, who is a first-time freshman in college. The following expenses are incurred and paid in 2016:
$\begin{array}{ll}
\text { Tuition, fees and textbooks } & \$ 11,000 \
\text { Room and board } & \$ 5,000
\end{array}$
What is the maximum education credit allowed to Tom and Anita?

Question

Tom and Anita are married, file a joint return with an AGI of $165,000, and have one dependent child, Tim, who is a first-time freshman in college. The following expenses are incurred and paid in 2016:
 $\begin{array}{ll}
\text { Tuition, fees and textbooks } & \$ 11,000 \
\text { Room and board } & \$ 5,000
\end{array}$
 What is the maximum education credit allowed to Tom and Anita?

Quizplus · Accepted Answer

The Answer of Tom and Anita are married, file a joint return with an AGI of $165,000, and have one dependent child, Tim, who is a first-time freshman in college. The following expenses are incurred and paid in 2016:
 $\begin{array}{ll}
\text { Tuition, fees and textbooks } & \$ 11,000 \
\text { Room and board } & \$ 5,000
\end{array}$
 What is the maximum education credit allowed to Tom and Anita?

Tom and Anita Are Married, File a Joint Return with an AGI