Assignment:
Joe Ji is married to Joy Ji and have 2 children, Sarah who is a freshman in college and Billy who is a junior in college. Together you made $160,000 in 2015. Your AGI was $150,000. You own a home in Powell, Ohio. The two of you paid for both Sarah and Billy’s college tuition for a total of $10,000.
Compute Potential tax ramifications to your future clients or your practice?
Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.