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Determine amount of the shaws american opportunity credit

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Problem 1: Paolo and Isadora Shaw are married, file a joint tax return, and have one dependent child, Dante. The Shaws report modified AGI of $148,000. The couple paid $14,625 of tuition and $15,540 for room and board for Dante, a full-time first-year student at Serene College and claimed as a dependent by Paola and Isidora.

Question 1: Determine the amount of the Shaws' American Opportunity credit for the year.

Reference no: EM132466665

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