Walt and Deloris, who file a joint return, have two dependent children, Bill...
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Walt and Deloris, who file a joint return, have two dependent children, Bill and Tiffany. Bill is a freshman at State University, and Tiffany Is working on her graduate degree. The couple pald qualified expenses of $2,800 for Bill (who is a half-time student) and $6,300 for Tiffany Required: a. What education tax credits are available if Walt and Deloris report modified AGI of $119,300? b. What education tax credits are available if Walt and Deloris report modified AGI of $119,300 and Tiffany is taking one class a semester (Is less than a half-time student) and not taking classes in a degree program? Answer is complete but not entirely correct. Complete this question by entering your answer in the tabs below. Required a Required b What education tax credits are available if Walt and Deloris report modified AGI of $119,300? (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) Dependent Amount of Credit Type of Credit Bill S AOTC Lifetime learning credit Tiffany 2,200 926 3,126 S Total S
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