On December 1, Cambridge, Inc., sent Rachel & Rico (R&R) a letter, via overnight delivery, offering to employ R&R to review Cambridge’s tax situation for the current year for $20,000. In the letter, the company stated that R&R had ten days to accept. On December 5, R&R sent an e-mail message that stated, "The price for the tax analysis seems low. Would you consider paying $25,000?" Cambridge received the message without responding immediately. The next day, Smith & Taylor, an R&R competitor, offered to conduct the tax appraisal for $17,500. On learning of this offer from Smith & Taylor on December 6, R&R immediately e-mailed Cambridge, agreeing to do the work for $20,000. Cambridge received this message from R&R on December 7. Explain why R&R and Cambridge do, or do not, have a contract.

In 2018, laureen is currently single. she paid $2,800 of qualified tuition and related expenses for each of her twin daughters sheri and meri to attend state university as freshmen ($2,800 each for a total of $5,600). sheri and meri qualify as laureen’s dependents. laureen also paid $1,900 for her son ryan’s (also laureen’s dependent) tuition and related expenses to attend his junior year at state university. finally, laureen paid $1,200 for herself to attend seminars at a community college to her improve her job skills. what is the maximum amount of education credits laureen can claim for these expenditures in each of the following alternative scenarios? a. laureen's agi is $45,000.b. laureen’s agi is $95,000.c. laureen’s agi is $45,000 and laureen paid $12,000 (not $1,900) for ryan to attend graduate school (i. e, his fifth year, not his junior year).