What is the amount of your education credit, Accounting Basics

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What is the amount of your education credit

Problem

You have AGI of $50,000. You have two, twin dependents which are full time students. You paid tuition of $18,000 in the current year, $9,000 for each student. Both students are obtaining their first degree and it is their 5th year of school. They are not convicted of a drug felony. What is the amount of your education credit?

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