In
2015
, elaine paid
$
2
,
800
of tuition and
$
600
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?

a. elaine's agi is
$
80
,
000

b. elaine's agi is
$
168
,
000

c. elaine's agi is
$
184
,
000

Match each feature with the savings account type

Acorporation a. can use different depreciation methods for tax and financial reporting purposes b. must use the straight - line depreciation method for tax purposes and double declining depreciation method financial reporting purposes c. must use different depreciation method for tax purposes, but strictly mandated depreciation methods for financial reporting purposes d. can use straight- line depreciation method for tax purposes and macrs depreciation method financial reporting purposes

China's new 5 percent tax on disposable wooden chopsticks, reflecting concerns about deforestation, has been praised by environmentalists. the move is hitting hard at the japanese, who consume 25 billion set of wooden chopsticks annually. almost all of the chopsticks used in japan come from china. the reuirements for chinese manufacturers of wooden chopsticks to pay the 5 percent tax is a factor in their external environment.