What is the amount of their american opportunity tax credit

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Tendai and Anna, who are married with modified AGI of $90,000, are sending their daughter to her first year of college. Their total tuition and related payments during the year amounted to $12,000. In addition, their daughter received a $10,000 scholarship to cover tuition. They have not taken advantage of any other type of tax benefit related to educational expenses. What is the amount of their American Opportunity Tax credit?

Reference no: EM132203524

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