Homework Answers
Answer is option C
c. $5000
The American credit opportunity is claimed only on the first $4000 of tuition fees and maximum credit is $2500 (100% of $2000 and $25% of next $2000)
Devona’s AOC = (2000*100%)+(2000*25%) = $2500
Arethia’s AOC =(2000*100%)+(2000*25%) = $2500
Total = $5000
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