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Conner and Matsuko Paid $1,000 and $2,000,in Qualifying Expenses for Their

Question 20

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Conner and Matsuko paid $1,000 and $2,000,in qualifying expenses for their two sons,Jason and Justin,respectively,to attend Arizona State University.Jason is a sophomore and Justin is a freshman.Conner and Matsuko's AGI is $195,000.What is their allowable American opportunity tax credit after the credit phase-out based on AGI is taken into account?


A) $0.
B) $2,000.
C) $3,050.
D) $3,700.

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