In 2018, Elaine paid $2,760 of tuition and $1,060 for books for her dependent son to attend State University this past fall as a freshman. Elaine files a joint return with her husband. What is the maximum American opportunity credit that Elaine can claim for the tuition payment and books in each of the following alternative situations? What is the American Opportunity Credit if:. a. Elaine’s AGI is $92,750.
b. Elaine’s AGI is $164,500.
c. Elaine’s AGI is $211,000.

a. Elaine’s AGI is $92,750.

b. Elaine’s AGI is $164,500.

c. Elaine’s AGI is $211,000.

Explanation:

During 2018, the American Opportunity Credit for married taxpayers filing jointly started to phase out when their AGI was over $160,000. Once the AGI reached $180,000, the credit phased out completely.

The AOC covered 100% of the first $2,000 in qualified expenses and then up to 25% of the next $2,000. The maximum amount = $2,000 + (25% x $2,000) = $2,500

bd = 9 cm

step-by-step explanation:

in a 30°-60°-90° triangle, the ratio of side lengths is 1 : √3 : 2. that is, the longest side (hypotenuse) is twice the length of the shortest side.

all of the triangles in your geometry are 30°-60°-90° triangles. ac is the hypotenuse of δacd, and the short side of δabc.

the short side ad of δacd will be half the length of ac, so 3 cm. the hypotenuse ab of δabc will be twice the length of ac, so 12 cm. segment bd is the difference of the lengths ab and ad, so is

bd = ab -ad

bd = 12 cm - 3 cm = 9 cm

comment on side length ratios

you can figure the ratios of side lengths in a 30°-60°-90° triangle by considering the trig ratios of the angles. or you can figure the length of the altitude of an equilateral triangle of side length 2 using the pythagorean theorem.

c.

explanation:

regressive tax taxes the poor and less of the wealthy. this the rich get richer and the poor get more poor. this would create a large wealth gap.