1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
SVETLANKA909090 [29]
2 years ago
7

Peter has three daughters who are eligible students. What is the maximum amount of tax credit available to him under the America

n opportunity credit, assuming he meets all requirements
Business
1 answer:
drek231 [11]2 years ago
7 0

Based on current tax laws, the maximum amount of tax credit available to Peter is<u> $7,500</u>

Under the American Opportunity Tax Credit (AOTC):

  • Tax credit can be earned on eligible students.
  • A maximum of $2,500 can be received as tax credit per student.

Peter has three daughters and they are all eligible students which means that the maximum credit available is:

= 2,500 x 3 students

=  $7,500

In conclusion, Peter can get $7,500 in tax credit.

Find out more about the AOTC at brainly.com/question/25889493.

You might be interested in
When and under which Act citizen investment trust was established ?
nirvana33 [79]
18th March, 1991

Citizen Investment Trust (Nagarik Lagani Kosh), a statutory institute under Citizen Investment Trust Act, 2047, has ownership of Nepal Government as a public financial organization. It was established on 18th March, 1991(4th Chaitra, 2047B. S) as an autonomous body.
3 0
3 years ago
Read 2 more answers
Which is the largest item in discretionary spending?
maks197457 [2]

Answer:

Defense, military spendings.

Explanation:

5 0
4 years ago
Which of the following statements is true of financial accountants
I am Lyosha [343]
What are the statements to the question?
8 0
3 years ago
Craft, Inc. normally produces between 120,000 and 150,000 units each year. Producing more than 150,000 units alters the company'
Yanka [14]

Answer:

The correct answer to the given question is Relevant range.

Explanation:

Relevant range , in accounting , can be defined as that amount of activity or range of volume where company's fixed expenses would not differ as the volume of activity changes. This term has relevance with the fixed cost, as if a company's volume decreases then company would try to decrease their fixed cost and similarly if the volume increases the company's fixed expenses would also increase.

5 0
3 years ago
The united states maintained its military superiority with a defense budget larger than the next __________ biggest military pow
Luden [163]

The united states maintained its military superiority with a defense budget larger than the next china's biggest military powers combined. group of answer choices.

The United States spends more on defense than China, India, Russia, Britain, Saudi Arabia, Germany, France, Japan, and South Korea combined.

The United States leads the ranking of countries with the highest military spending in 2021 with US$801 billion. This accounted for 38% of total global military spending that year, totaling $2.1 trillion.

This increase has outpaced the growth of other countries' spending, and as a result, the United States now spends more on defense than the next nine countries combined (the next 11 countries in 2020 compared to the total).

Learn more about military powers at

brainly.com/question/1174232

#SPJ4

5 0
2 years ago
Other questions:
  • What must be the beta of a portfolio with e(rp) = 13.75%, if rf = 6% and e(rm) = 11%? (round your answer to 2 decimal places.) b
    8·1 answer
  • Belinda wants the security of knowing she will spend each weekend with her boyfriend, but she also wants the excitement of doing
    6·1 answer
  • 18 Select the correct answer. What term refers to the process of focusing website content to attract more visitors (or hits)? A.
    7·1 answer
  • Who likes juice wrld
    11·2 answers
  • With the proliferation of data mining analysis due to scanner data with tens of thousands of records, online surveys that garner
    10·1 answer
  • Suppose that as a result of a housing price​ decline, the value of the​ bank's securitized assets falls by an uncertain​ amount,
    10·1 answer
  • Long-term debt ratio 0.3
    14·1 answer
  • Arguments that are proven to be well supported with evidence are called what?
    9·1 answer
  • A single jar of original formula Carmex has different prices for the product depending upon where it is sold, but each price wil
    13·1 answer
  • How are time tickets and materials requisition slips similar?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!