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15. What is the amount of Jennifer's child and dependent care credit shown on Form 2441, Child and Dependent Care Expenses?

a. $0

b. $525

c. $650

d. $2,500

16. The total amount of qualified education expenses used in the calculation of Jennifer's 2019 American opportunity credit is:

a. $3,000

b. $3,650

c. $3,970

d. $4,000

18. Jennifer's income is too high to qualify for the credit on Form 8880, Credit for Qualified Retirement Savings Contributions.

a. True

b. False

Please answer either question 15 or 16 if you are only allowed to answer one question. If you can enter two questions, please answer both questions 15 and 16. I would greatly appreciate it if you provide answer(s) to this problem. I would definitely leave a nice comment and upvote your answer if you answer my questions. Thank you very much!

Yuma College Statement of Account December 31, 2019 Carla Davis Student ID 602-00-XXXX Amount Paid Amount Billed +$7,200.00 -$4,200.00 Date Transaction 08/30/2019 Tuition - Fall Semester 2019 08/30/2019 Scholarship 09/03/2019 Meal plan 09/03/2019 Parking pass Campus Bookstore charge to 09/04/2019 student account 09/05/2019 Payment-check #1234 +$ 320.00 +$ 75.00 +$ 650.00 -$4.045.00 12/31/2019 Account Balance.... $0.00

Answer 1

15). $525/-(if Jenifer AGI is $(41,000-43,000))

16). b). $ 3,650/-

18). b) False

Notes:

16).

Particulars	Amount	Amount
Net Tuition Fees	$3,000/-
Campus Bookstore Fees	$650/-
Total (Eligible Exp for AOTC)		$3,600-

15) W.No.

Maximum Dependent care expenses allowed per child is $ 3,000 but in this sum, they are given only $2500, we are calculating accordingly

Credit Rate and Maximum Credit Amount Charts Credit Rate One Child Two or More AGI ($3000) ($6000) Maximum Maximum or or Actual Actual Exp ($2500) (Which ever is low) Which ever is low 35% $ 875.00 $ 2,100.00 34% $ 850.00 $ 2,040.00 33% $ 825.00 $ 1,980.00 32% $ 800.00 $ 1,920.00 31% $ 775.00 $ 1,860.00 $0-$15000 $15000-$17000 $17000-$19000 $19000-$21000 $21000-$23000 30% $ 750.00 $ 1,800.00 29% $ 725.00 $ 1,740.00 28% $ 700.00 $ 1,680.00 27% $ 675.00 $ 1,620.00 26% $ 650.00 $ 1,560.00 25% $ 625.00 $ 1,500.00 24% $ 600.00 $ 1,440.00 23% $ 575.00 $ 1,380.00 22% $ 550.00 $ 1,320.00 21% $ 525.00 $ 1,260.00 20% $ 500.00 $ 1,200.00 $23000-$25000 $25000-$27000 $27000-$29000 $29000-$31000 $31000-$33000 $33000-$35000 $35000-$37000 $37000-$39000 $39000-$41000 $41000-$43000 43000+