Order the answer to: Casandra and Gene are married and have a daughter who

Custom Writings law-business-law Order the answer to: Casandra and Gene are married and have a daughter who

law-business-law

Order the answer to: Casandra and Gene are married and have a daughter who

Question Casandra and Gene are married and have a daughter who is a junior at State University. Their adjusted gross income for the year is $78,000, and they are in the 25% marginal tax bracket. They paid their daughter’s $3,500 tuition, $450 for textbooks, and $3,200 in room and board with $4,750 in savings and by withdrawing $2,400 from a Coverdell Education Savings Account. Identify the tax issue(s) posed by the facts presented. Determine the possible tax consequences of each issue that you identify.
Subject law-business-law
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