Darryl and Alena have two children who attend State University, an accredited public university. During 2022, they paid
Posted: Wed Jul 06, 2022 6:23 am
Darryl and Alena have two children who attend StateUniversity, an accredited public university. During 2022, they paid$30,000 that included tuition, mandatory enrollment fees and thecost of books and course materials for both children. During 2022,Darryl and Alena had a modified adjusted gross income (MAGI) of$125,000 and are not claiming any other education credits.Therefore, what amount are Darryl and Alena eligible to claim forthe American Opportunity Tax Credit (AOTC) on their income taxreturn? A. $0 B. $2,500 C. $5,000 D. $10,00