Mr. and Mrs. Bighead have two dependent children, both attending Apple University. Buford, age 19 is
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Mr. and Mrs. Bighead have two dependent children, both attending Apple University. Buford, age 19 is a sophomore who received a 1098T from Apple for 2016 showing $15,000 of qualified tuition and fees. Brunhilda, age 23 attends Apple Law School and she received a 1098T from Appleshowing $25,000 in qualified tuition and fees.
a)Assu do the Bigheads get to take on their tax return? b) How would your answer in a) change if their AGI were $125,000?