What is the maximum american opportunity credit that elaine, Financial Management

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What is the maximum american opportunity credit that elaine

In 2017, Elaine paid $2,840 of tuition and $800 for books for her dependent son to attend State University this past fall as a freshman. Elaine files a joint return with her husband.

What is the maximum American opportunity credit that Elaine can claim for the tuition payment and books in each of the following alternative situations?

a. Elaine’s AGI is $103,500.

b. Elaine’s AGI is $172,000.

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