In 2016 elaine paid 2800 of tuition and 640 for books for, Financial Accounting

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In 2016 elaine paid 2800 of tuition and 640 for books for

In 2016, Elaine paid $2,800 of tuition and $640 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? (Round your intermediate calculations to two decimal places and final answer to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.)

a. Elaine’s AGI is $83,200.

American opportunity credit:

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Financial Accounting: In 2016 elaine paid 2800 of tuition and 640 for books for

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