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Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | Apr 2017 |
| Last Sign in: | 61 Weeks Ago |
| Questions Answered: | 7570 |
| Tutorials Posted: | 7352 |
BS,MBA, PHD
Adelphi University/Devry
Apr-2000 - Mar-2005
HOD ,Professor
Adelphi University
Sep-2007 - Apr-2017
Jeremy and Celeste paid the following amounts for their daughter, Alyssa, to attend the University of Colorado during 2010. Alyssa was in her first year of college and attended full-time. Tuition and fees (for fall semester 2010) $1950 Tuition and fees (for spring semester 2011) $1000 Books $ 600 Room and board $1200 The spring semester at the University of Colorado begins in January. In addition to the above, Alyssas Uncle Devin sent $800 for her tuition directly to the university. Jeremy and Celeste have modified AGI of $165000. What is the amount of qualifying expenses for the purposes of the American opportunity tax credit (AOTC) in 2010? What is the amount of the AOTC that Jeremy and Celeste can claim based on their AGI?    Â
Ans-----------wer-----------: -----------Ans-----------wer-----------: Q-----------ual-----------ify-----------ing----------- ex-----------pen-----------ses----------- fo-----------r t-----------he -----------AOT-----------C =-----------$19-----------50+-----------$10-----------00+-----------$60-----------0+$-----------800----------- = -----------$43-----------50.----------- No-----------te:-----------Qua-----------lif-----------yin-----------g a-----------mou-----------nt -----------do -----------not----------- in-----------clu-----------de -----------amo-----------unt-----------s p-----------aid----------- fo-----------r r-----------oom----------- an-----------d b-----------oar-----------din-----------g