Henry is a single father with a son, Kevin, who is a sophomore in college....
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Accounting
Henry is a single father with a son, Kevin, who is a sophomore in college. Henry paid $5,000 in qualifying expenses for Kevin to attend the University of Minnesota. Henry's AGI is $47,000. What is his allowable American opportunity tax credit?
Group of answer choices
$2,500
$4,000
$5,000
$0
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