Guadalupe's credit card has an APR of 23%, calculated on the previous
monthly balance, and a minimum payment of 2%, starting the month after the
first purchase. Her credit card record for the last 7 months is shown in the
table below.
End of
month
Previous
balance
$0.00
$900.00
$899.25
$898.50
$897.75
$897.00
$896.26
New
charges
$900.00
$0.00
$0.00
$0.00
50.00
$0.00
$0.00
Payment
received
$0.00
$18.00
$17.99
$17.97
$17.96
$17.94
$17.93
Finance
charges
$0.00
517 25
$17.24
$17.22
$17.21
$17.19
$17.18
Principal
paid
$0.00
$0.75
$0.75
$0.75
$0.75
$0.75
New
balance
$900.00
$899.25
$898.50
$89775
$897.00
$896 26
$895.51
VO
SO 75
How is the new balance calculated?

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).