Celia has a son and a daughter in college. They have been students since tax year 2017. Celia’s son’s tuition is $6,600 and her
daughter’s tuition is $1,875. Celia’s AGI for tax year 2020 is $79,800. Is Celia eligible to claim the tuition and fees deduction? a. Yes, Celia is eligible to claim the tuition and fees deduction. Her allowable deduction is $3,875. b. Yes, Celia is eligible to claim the tuition and fees deduction. Her allowable deduction is $4,000.
c. No, Celia is not eligible to claim the tuition and fees deduction because it expired at the end of tax year 2017.
d. No, Celia is not eligible to claim the tuition and fees deduction because her income is too high.
a. Yes, Celia is eligible to claim the tuition and fees deduction. Her allowable deduction is $3,875.
Explanation:
Since Celia's MAGI is less than $80,000 (assuming she is a single filer or head of household), she can claim up to $2,000 per year on each of her children's qualified tuition expenses. In this case, Celia can claim $2,000 from her son's tuition expenses and $1,875 form her daughter's.
The cost of inventory in july sales and our desired ending invenory is the amount we need. the beginning inventory is a portion of this demand already fullfil, we need to purchase for the difference.
In this scenario, where he believes that this group of students will be representative of the university student population in the United States, the professor is most likely using Judgment or Expert sampling which is normally used in circumstances where the pointed population involves very intelligent people like student of the University of United States here who cannot be determined by using any different type of probability or non-probability sampling method.
