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Tom and Anita are married, file a joint return with an AGI of $165,000, and have...

Tom and Anita are married, file a joint return with an AGI of $165,000, and have one dependent child, Tim, who is a first-time freshman in college. The following expenses are incurred and paid in 2019:

Tuition, fees and textbooks                                 $11,000

Room and board                                                  $5,000

What is the maximum education credit allowed to Tom and Anita?

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Tom and Anita are married, file a joint return with an AGI of $165,000, and have one dependent child, Tim, who is a first-time freshman in college.

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